Companies which are “controlled” or “multi-class” have a capital structure where the founders or other insiders have voting rights over corporate decisions that far outweigh their actual financial rights. Founders claim that such special rights increase returns for all investors because they then have freedom from short-term market pressure allowing management to invest for the long term. But that is wrong according to the data.

from Forbes – Tech http://ift.tt/1XMu8gP
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