Snap's Not Looking to Chat With Shareholders

Directors & Boards, 2017

2 Pages Posted: 20 Feb 2019

See all articles by Charles M. Elson

Charles M. Elson

University of Delaware - John L. Weinberg Center for Corporate Governance

Craig Ferrere

Independent

Date Written: December 1, 2017

Abstract

The Snap Inc. IPO is the first-ever solely non-voting stock model. It’s a stock ownership structure that further undercuts shareholder influence, undermines corporate governance and will likely shift the burden of investment grievances to the courts.

Keywords: dual-class stock

Suggested Citation

Elson, Charles M. and Ferrere, Craig, Snap's Not Looking to Chat With Shareholders (December 1, 2017). Directors & Boards, 2017. Available at SSRN: https://ssrn.com/abstract=3330260

Charles M. Elson

University of Delaware - John L. Weinberg Center for Corporate Governance ( email )

Alfred Lerner Hall, Room 104
Newark, DE 19716
United States
302-831-6157 (Phone)

Craig Ferrere (Contact Author)

Independent ( email )

New York, NY

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