RE:Duo class sharesFor reference on a SP basis LNR which retained its family ownership has had similar performance since 2010 despite less accreditive agriculture purchase of Macdon.
On the Magna example to get the voting shares cost was significant and did not immediately lower compensation paid.
Management has done well with expanding from the traditional asset manager to physical assets. Renewable and infrastructure has done well for them.
The only thing I see out of this is around 1 billion in costs for a straight conversion into one class. Either compensation stays in a comparable level or a loss of senior management occurs.
argon12 wrote: Magna used to have the same duo class share structure.
Whe they finally amalgamated all shares into one class the value of these shares rose tremendously.
BAM needs to do this. Time to make all shareholders equal.