dual-class stock

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.

dual-class stock

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On the issue of Facebook's dual-class stock structure, Facebook claims that Zuckerberg's control is a benefit that allows the company to think long term.
(14) These efforts have caught the attention of the SEC's Investor Advisory Committee, which held a meeting on dual-class stock shortly after Snap's offering.
As the founder of Under Armour, Plank exerts higher clout in the company with voting control vested under a dual-class stock model helping him to constitute a pliant board of directors. 
the use of dual-class stock in order to perpetuate family control only
Holding a virtual shareholder meeting isn't new, but the brief nature of the gathering that was also short on any strategic plans, despite the SnapChat's decline in users in the most recent quarter, may have something to do with Snap's dual-class stock structure.
A dual-class stock is the issuing of various types of shares by a single company.
The company, which owns assets such as the New York Times Building and the MetroTech Center, eliminated its dual-class stock structure, thereby diluting the Ratner family's voting control over the firm.
Media moguls like Sumner Redstone and Rupert Murdoch have built empires with a dual-class stock structure that ensures their iron grip.
Under a dual-class stock structure, Facebook founder and chief executive Mark Zuckerberg retains 57.3 percent of the voting power of the shares.
The board, though, is controlled by the Dillard family under a dual-class stock arrangement.
Families are more likely to maintain control when the efficient scale is small the need to monitor employees is high, investment horizons are long, and the firm has dual-class stock.

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