They set up two classes of stock--a large block of nonvoting Class A stock (which was willed to the charitable Ford Foundation) and a much smaller block of Class B stock that had voting rights (and was willed to the family).
The 84-year-old already owns about 70% of Playboy's Class A common stock and 28% of its Class B stock.
The Glazers will continue to control the company through a class of supervoting stock.
The Glazers will continue to control the company through a class of supervoting stock, meaning that new shareholders will have little say on the team's future.
At Dow Jones the Bancrofts control 64% of the votes versus 25% of the stock, which translates into a 26% reduction from what the company would be worth with a single class of stock, she estimates.
At Dow Jones the Bancrofts control 64% of the votes vs. 25% of the stock, which translates into a 26% reduction from what the company would be worth with a single class of stock, she estimates.
According to the prospectus, Zuckerberg will own 36.1% of the Class A stock and 57.1% of the Class B stock.
FORBES: Facebook to Future Stockholders: Bow Down to Mark Zuckerberg
W. Scripps Co. (nyse: SSP - news - people ), are all insulated from unsolicited offers because they each have one class of voting shares held only by the families, as well as a separate class of nonvoting stock distributed to the public.
Shareholders of Wendy's will receive 4.25 shares of Triarc Class A stock for each share of Wendy's stock they own.
Because the majority of her shares are Class A common stock, the mother of two does not enjoy the supervoting 10-to-1 status afforded by Class B shares.
FORBES: Sheryl Sandberg Finally Gets Liquid On Her Giant Facebook Stake But Is Still No Billionaire
Underwriters have a 30-day option to purchase up to an additional 3, 412, 500 shares of Class A common stock to cover over-allotments.
Underwriters have a 30-day option to purchase up to an additional 3, 412, 500 shares of Class A common stock from Workday to cover over-allotments, if any.
FORBES: Workday Prices IPO At $28 Per Share In $637 Million Deal
The largest owner of Class B stock is Lynn Alandt, a cousin of Bill Ford Jr.
The underwriters also have an option to purchase up to an additional 12, 915, 000 shares of Class A common stock.
The plaintiff moved to certify a class of persons who purchased Amgen stock between April 22, 2004 and May 10, 2007, when two of the FDA meetings occurred.
FORBES: Amgen: A Supreme Court Case With Immense Business Impact
Instead he is exercising options for 60 million Class B shares and then offering 30.2 million of those shares as Class A stock in the IPO.
In 1988, he got attracted to International Dairy Queen and bought 50 shares of its class A stock mainly because he thought it was a company that Buffett would favor, given its good products, easy-to-understand operations, high returns on equity, little debt, and a reasonable price-earnings ratio.
FORBES: A Couple Of Stocks That Two Buffett Devotees Think Will Appeal To The Oracle of Omaha
Today, 86 extended family members hold all 71 million Class B shares, plus a negligible amount of common stock.
FORBES: Ford Family's Stake Is Smaller, But They're Richer And Still Firmly In Control
The rules for this year's forms apply to "only a relatively limited class of securities" namely corporate stock that was both purchased and sold during 2011, says Timothy L. Hanford, a former tax staffer at the House Ways and Means Committee and now a consultant at ADC Strategies in Bethesda, Md.
WSJ: There Are Few Changes to Contend With for the 2011 Tax Year
Sprint Nextel (S) has agreed to exercise its pro rata preemptive right to the offering such that it will purchase, in a separate, private transaction, only shares of class B common stock.
That theory allows lawyers to bring class actions on behalf of all investors who bought a stock during a given period on the assumption that any misrepresentations are priced into the stock and investors rely on the price when they decide whether or not to buy.
FORBES: Supreme Court Clips SEC's Wings In Gabelli Case; Defense Loses In Amgen
Under a 2005 U.S. Supreme Court decision known as Dura Pharmaceuticals, class-action lawyers must show that a stock fell specifically because of fraud.
Earlier this week she had converted some of her restricted stock units to the publicly traded Class A shares.
FORBES: Cashing Out: COO Sandberg Sells $7.7M Of Facebook Shrs
It provides a lower risk way for investors to buy into this high risk asset class of private company stock.
FORBES: SharesPost Launches Lending For Startup Stock Options
At the same time, 70% of middle class Americans say they are not confident in the stock market as a place to invest for retirement.
Facebook is selling Class A stock in its IPO, but the real power (and value) will be retained by holders of the Class B shares.
FORBES: Facebook to Future Stockholders: Bow Down to Mark Zuckerberg
There's also the too-much-of-a-good-thing problem: While plunging stock prices are normally good for the class-action business, this time they may diminish the effectiveness of the argument that fraud was to blame.
In a letter dated Monday, Buffett said he planned to give away 12, 050, 000 Class B shares of Berkshire Hathaway stock to five foundations.
There're many reasons behind this, including "the too-much-of-a-good-thing" problem: While plunging stock prices are normally good for the class-action business, this time they may diminish the effectiveness of the argument that fraud was to blame.
That's exactly how a death tax that was originally sold in 1916 as hitting only billionaires like the Rockefellers gradually began to apply to middle-class families who own, say, a successful auto-repair shop or invested wisely during the stock market booms of the 1980s and 1990s.
应用推荐