cross22
Distinguished Member
- Joined
- Dec 26, 2009
- Messages
- 6,177
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They are splitting 2 for 1 but they are issuing non-voting stocks so that the voting power stays the same way as now. In other words, the founders and large holders can profit by selling the non-voting shares and not reduce their voting powers.
Me too. I was expecting a flat day... perfect, I had a chance to lighten up and did. Sold my ABB. ******* AIG boys... told you! $33.
Decent GOOG earnings. Can anyone explain this split bullshit they are proposing? Where is the "dividend" in it?
They are splitting 2 for 1 but they are issuing non-voting stocks so that the voting power stays the same way as now. In other words, the founders and large holders can profit by selling the non-voting shares and not reduce their voting powers.