Friday, May 12, 2006

Google Keeps Two-Tier Ownership Structure

Shareholders of Google, the world’s most popular Web search provider, on Thursday rejected a dissident investor proposal to end a two-tier ownership structure that vests power in its founders.
A majority of the shareholders participating in the company’s annual shareholder meeting voted against a proposal by a union pension fund that would have diluted control of the company’s brain trust, its top three executives.

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