Google CEO loses voice
That capital structure, which has been emulated by the new generation of Web companies such as Facebook Inc
Under the plan, shareholders will get one new share of non-voting "Class C" stock for each existing "Class A" share they own
A separate, shareholder proposal to make all shares of Google stock have equal voting power and eliminate the special shares with 10-to-1 voting power did not garner a majority of votes. Google shares were up $1.34 at $566.55 in after hours trading on Thursday. Google's shares are off roughly 15 percent from their 52-week high of $670.22, as investors worry about how the shifting technology landscape will affect its core search advertising business.
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