RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Should dual class shares be eliminated?Tapcet wrote: Every since ADW started plummetting with aggressive dilution,, questionable management decisions, I've been asking where the regulator is when it comes to the governance of dual class share companies. The answer seems to be: nowhere. Going forward, my takeway is simply to never again but equity in a company with dual class shares. In my (hindsight) view, the governance issue isfirst flagged when a company decides to create a dual class structure in the first place. That decision screams from the rafters that the original proprietors are well aware that their interests don't align with public shareholders, and they intend to place their own interests first. If that isn't what dual class shares are all about, somebody please enlighten me. Because I can't myselft stumble upon any noble purpose. Ergo no dual class share co is worth buying. The risks to the underdog, unprotected public shareholders are inequitably, and should be illegal.
When you invest in a business, you are investing in its management.
Answer here was simple:
If you don't like management, then don't buy the shares.