Dual-class shares: has the fight been lost?

The link between share ownership and voting rights has been weakening for a long time. With dual-class share structures more popular than ever, is the struggle to resist their rise now over?

Some time ago, alongside a tale of a lost puppy that rode the New York subway from 14th to 137th Street for a whole day, an article in the New York Times warned its readers of something fearsome: a ‘New Menace in Corporate Financing’.

The story was prompted by an announcement the previous day by the New York Stock Exchange (NYSE).

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