With respect to corporate governance, you can basically ignore the public shareholders in this case.
In addition to the fact that the law affords managements a lot of leeway in determining how to maximize shareholder value, Larry, Sergey, and Eric hold voting control due to the dual share class structure that public shareholders agreed to when they bid for shares in the IPO.
You can think of it as a limited partnership with three general partners.
In addition to the fact that the law affords managements a lot of leeway in determining how to maximize shareholder value, Larry, Sergey, and Eric hold voting control due to the dual share class structure that public shareholders agreed to when they bid for shares in the IPO.
You can think of it as a limited partnership with three general partners.