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Google stock split to keep founders in control

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Google stock split to keep founders in control

E
euronews (in English)

23 Views • Apr 13, 2012

Description

Google is changing the structure of its shares to ensure that the company's founders - Larry Page and Sergey Brin - maintain control.

Each current share will be split into two and new stock being issued for employee compensations and acquisitions will have no voting power.

The surprise decision, was unanimously approved by its board.

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http://www.euronews.net/