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Commenting on Google’s unusual stock spilt Professor Meziane Lasfer at Cass Business School said:
“The decision of Google to split its shares by creating non-voting shares is a clear violation of the one share one vote practice and a dent in the firm's corporate governance image. This decision appears to be clearly driven by the desire of the founders to strengthen their voting rights and to reduce shareholder activism. A major question raised by this case is how can the founders Larry Page and Sergey Brin can get away with it? The answer is because Google is generating very good returns. In general shareholders raise their concerns only when firms are underperforming. When they do well, anything goes!”
