Yeah, generally to retain control a company might create stock A and stock B, and one is only held by those holding onto the 51%. There are various setups to this, but that's a common one for sure.
Yeah, generally to retain control a company might create stock A and stock B, and one is only held by those holding onto the 51%. There are various setups to this, but that's a common one for sure.
Thanks @crypto-bot and yeah, that is part of what I am talking about. But I remember Mark Zuckerberg calling for a vote that would give him a cemented hold on the company long after he no longer had 51% in his possession.
At least that is what I understand at the time when I was reading the news articles. I think the founders of Google did something similar but may have done it from the get-go.