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The CEO of EchoStar Communications, Charlie Ergen, owned around 50% of the company’s stock, but his multiple votes per share gave him around 90% of the vote.
A. classified shares have super-voting rights, which give more control to a certain class of investors.
B. Classified shares are not issued with the purpose of providing super-voting rights to a certain class of investors.
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The CEO of EchoStar Communications, Charlie Ergen, owned around 50% of the company’s stock, but his...
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