Tag: Snap

Supervoting Shares = Poor Corporate Governance

Supervoting Shares = Poor Corporate Governance

The SEC ought not allow companies to issue supervoting or non-voting shares -  a method companies use to enable founders to exercise control beyond their share ownership. To my knowledge it has only been a few, high profile Technology companies that have used this trick. Alphabet (tkr: GOOG) split its stock into three classes in … Continue reading Supervoting Shares = Poor Corporate Governance

Distracted CEOs and CEO Overreach<span class="badge-status" style="background:red">Premium</span> 

Distracted CEOs and CEO OverreachPremium 

We Have Entered an Unprecedented Era of Shareholder Tolerance It is interesting that corporate boards and institutional investors are willing to tolerate “Distracted CEOs” and founder CEOs who wish to exercise outsized control of the companies they founded. Both are examples of poor corporate governance. Our definition of a Distracted CEO is the CEO that … Continue reading Distracted CEOs and CEO OverreachPremium 

The Soundtrack to Your Life. Facebook Continues to Distance Itself from the Competition

The Soundtrack to Your Life. Facebook Continues to Distance Itself from the Competition

Recently Facebook (tkr: FB) signed an agreement with Universal Music Group to license UMG's music library so that Facebook users may incorporate UMG music into user-generated content. Facebook's Instagram platform is the hottest social media platform at the moment. Instagram kneecapped Snapchat (tkr: SNAP) earlier this year when the former rolled out its "stories" feature. Instagram has … Continue reading The Soundtrack to Your Life. Facebook Continues to Distance Itself from the Competition