upper waypoint

AP: Google Board Approve Unusual Stock Split

Save ArticleSave Article
Failed to save article

Please try again

By The Associated Press

WISH GRANTED: Google shareholders approved an unusual stock split that CEO Larry Page wanted to ensure that he and the company's other co-founder, Sergey Brin, retain most of the voting power at the Internet search player. The split will create a new class of non-voting stock.

SURPRISE ABSENCE: Approval had been a foregone conclusion at Thursday's annual shareholder meeting, but not everything went according to plan. Page missed the meeting because he lost his voice. Google Inc. didn't provide further details about Page's condition.

WHAT'S NEXT: Google doesn't expect to split its stock until October at the earliest.

Sponsored

lower waypoint
next waypoint
Stunning Archival Photos of the 1906 Earthquake and FireCould Protesters Who Shut Down Golden Gate Bridge Be Charged With False Imprisonment?Why Nearly 50 California Hospitals Were Forced to End Maternity Ward ServicesSan Francisco Sues Oakland Over Plan to Change Airport NameDemocrats Again Vote Down California Ban on Unhoused EncampmentsFederal Bureau of Prisons Challenges Judge’s Order Delaying Inmate Transfers from FCI DublinFirst Trump Criminal Trial Underway in New YorkDespite Progress, Black Californians Still Face Major Challenges In Closing Equality GapJail Deaths Prompt Calls To Separate Coroner And Sheriff's Departments In Riverside CountyThe Beauty in Finding ‘Other People’s Words’ in Your Own