Berger, Dual Class Stock and Private Ordering: A System That Works,
[https://perma.cc/V33L-CX7R] ("Dual class stocks were first
On April 10, 2018, we completed a corporate reorganization that eliminated Tiptree's dual class stock
Under a dual class stock
system, certain stocks are equipped with more voting rights, enabling the largest shareholder to protect their managerial control.
They also called for changes to management and the company's dual class stock
structure that helps keep control of major issues in the hands of Murdoch, News.com.au reports.
Muravyev, A., 2007, "Dual Class Stock
in Russia: What Explains the Price Differential between Common and Preferred Shares?" DIW Berlin Discussion Paper No.
The dual class stock
structure is hardly unique to The New York Times Company.
The key to winning at Marriott was that the dual class stock
proposal violated a treasured principle of institutional shareholders, namely "one share, one vote" and hence offered a clear-cut issue that allowed investors with diverse agendas to form a coalition.
A dual class stock
is the issuing of shares with distinct voting rights by one company.
Tracking stocks differ from dual class stocks
. With the latter, a company sells two or more classes of stock for the parent company.