""" As of 31 December 2021, Larry Page and Sergey Brin owned 85.9% of the company’s Class B shares meaning that they controlled approximately 51.4% of the company’s voting power. """
I have no idea what you guys (esp sibling comment) are arguing about. Larry and Sergey control the company and no other shareholders, no matter how many millions of shares they hold, would be able to block a decision that Larry and Sergey approved of.
I wasn’t arguing about control. If you actually read the arguments the gist of it is that shareholders are the only financial benefactors at companies, implying that employees don’t own any shares. I just reminded people who weren’t familiar with Silicon Valley that it isn’t true since stock is a big part of compensation for rank and file employees
I have no idea what you guys (esp sibling comment) are arguing about. Larry and Sergey control the company and no other shareholders, no matter how many millions of shares they hold, would be able to block a decision that Larry and Sergey approved of.