News Column

Google Stock Split Ahead

June 18, 2013

Google settled a shareholder suit blocking a long-delayed stock split, clearing the way for the company to issue a new class of non-voting shares later this year. Google co-founders Larry Page, who is CEO, and Sergey Brin, who oversees special projects, will retain control of the company through a special class of "B" shares that gives them 10 votes per share. Creating a new class of non-voting shares will allow Google to keep rewarding other employees with more
stock and financing potential acquisitions with stock without reducing the voting power of Page and Brin.


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Source: Copyright USA TODAY 2013. Distributed by MCT Information Services


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