An opinion columnist in the New York Times asserted that Snap Inc. is aiming to adopt the
Question:
An opinion columnist in the New York Times asserted that “Snap Inc. is aiming to adopt the most shareholder-unfriendly governance in an initial public offering, ever.”
a. What did the columnist mean by “governance”?
b. Why would he consider Snap’s governance to be “shareholder- unfriendly”? If Snap’s governance is shareholder unfriendly, why would investors have bought Snap’s stock when the company engaged in an IPO in March 2017?
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a The columnist refers to corporate governance the way in which ...View the full answer
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