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Worldcom had a dual share class structure; so did Enron.
(The New York Times Company has a dual share structure).
Lately, these have included arguments over the pros and cons of the dual share structure.
So, even absent a dual share structure, Mr. Iger earned $37.1 million.
At the height of the hacking scandal, there was much criticism from shareholders of News Corporation's dual share structure.
Google already has a dual share structure, with the founders controlling 52 per cent of the voting power.
Similar(33)
Other sources close to the discussions have confirmed that the float will involve a dual share-class structure that waters down the voting rights of those who buy them and allows the Glazers to maintain control.
Many investors, such as CalPERS, America's largest public-pension fund, complain that he serves both as chief executive and chairman; that executive compensation is too high; that a dual share-class structure disadvantages independent shareholders; and that the board of directors is too passive.
The stock exchanges then adopted their own rules forbidding a company from adopting dual shares after it listed.
It suggested that a company like Ford, with 40% insider control, generates a 15% lower return than a similar company without dual shares.
The dual-share structure will not last forever, however.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com