SEC’s Jackson rejects permanent dual-class stock

Feb 21, 2018
Asking investors to put trust in management forever creates corporate royalty, commissioner says
The practice of companies imposing dual-class share ownership over an indefinite time frame goes against US values and is bad for investors, according to one of the most senior securities regulators. In his first public remarks as a member of the SEC, Robert Jackson

Content Preview

to continue reading

  • All articles online
  • Newsletter
Sign up to get stories direct to your inbox
Cs logo Cs logo