The New Share Class Warfare
After hours and after earnings last night, Google (GOOG) announced a 2:1 share split. However the split has an ulterior motive other than reducing the cost per share, as Google’s co-founders are also looking to revamp the corporate structure as a result. With the split, a new share class will be formed other than the already existing Class A and Class B shares. This new class will trade under a different symbol but will retain all the rights of the previous two share types, including the ability to collect any future dividends. Here’s the catch though: ownership of these Class C … Read more