Pinterest’s IPO Structure Could Give CEO Ben Silbermann the Right to Control the Company from Beyond the Grave
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- Pinterest's S-1, publicly filed on Friday, revealed a unique share structure.
- The company has dual-class shares, which give some shareholders, like founding CEO Ben Silbermann, greater voting powers than other investors.
- But the structure also gives Silbermann's estate the ability to retain its extra voting superpowers for between 90 days and 540 days after his death.
Silicon Valley's power players are already preparing for the grim spectre of mortality...