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Groupon's board met to discuss Mason's future last December but he managed to retain control thanks in large part to his shareholding, which controls 10 times as many votes as ordinary shareholders, and the backing of his co-founder Lefkofsky.
Retaining control with a minority of shareholding is not allowed in Hong Kong in order to protect ordinary shareholders.
Ordinary shareholders did not get the preferred.
Research shows the JOBS Act benefits company executives and institutional investors, but hurts ordinary shareholders.
All punters could surmise was that ordinary shareholders like themselves would be powerless.
The ordinary shareholders at these companies receive regular stock, which only has one vote.
The letters, which began arriving at home addresses yesterday morning, created panic among ordinary shareholders.
Fund managers are accused of catering to this powerful investor at the expense of ordinary shareholders.
But it also prevents ordinary shareholders from attending more than a handful of meetings.
The board's powers are limited so that ordinary shareholders have little sway over the running of the company.
Four years of say-on-pay have shown us that ordinary shareholders are pretty much as generous as boards are.
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CEO of Professional Science Editing for Scientists @ prosciediting.com