The Era of the All-Powerful Tech CEO Has Only Just Begun, Even Though Facebook and Snap Show Why That's a Bad Thing
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- At a growing number of companies, particularly in the tech sector, CEOs and other insiders have outsized control over their corporate decisions.
- The executives have that control through special shares that give them extra votes. Such arrangements used to be rare, but are becoming much more common.
- Lyft and several other tech companies that are likely to hold their initial public offerings this year will likely debut with such dual-class stock structures...