Dual Class Stock

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Dual Class Stock

A stock in a publicly-traded company that issues two types of stock. Each stock class has distinct rights attached to it. Generally speaking, dual-class stocks include preferred stock, which carries the right to guaranteed dividends, and common stock, which carries the right to vote in the annual meeting.
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A study by Burgundy Asset Management found that dual class stocks under perform over time.
here today, AFL-CIO representatives challenged the company's board of directors to end the use of dual class stock and rescind the 556,585 options in Quebecor Media awarded to CEO Pierre Karl Peladeau.
Company officials did not address whether investor concerns over the use of dual class stock factored in the delay.
Representatives of the AFL-CIO have been meeting with some of Canada's largest institutional investors in an effort to explore ways to press Quebecor to drop its dual class stock.
Malone relies on a combination of tracking stocks and dual class stocks with super-voting rights to serve his own interests before those of other shareholders," CWA wrote.