Green Signal For Stock Split From Google Shareholders Leaving Power With Co-founder

Posted on Jun 22 2012 - 4:59am by Editorial Staff

Google

Back in April 2012, Google CEO Larry Page announced that the company’s desire to split its stock, at that time the idea sounds unusual in nature but now during its annual shareholder meeting, Google stockholders approved the move by giving the green chit for the split. Now, what it means is that instead of regular 2-for-1 split, the company wants to give shareholders now one extra non-voting share, ensuring that current shareholders would maintain their current levels of voting power. In clear cut and simple words, all it means is that Larry Page and Sergey Brin sits with the majority of voting power now, which combined controlling 56 percent of the total.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.