The William Wrigley Jr. Company is the worlds largest maker of chewing gum. The CEO is William

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The William Wrigley Jr. Company is the world’s largest maker of chewing gum. The CEO is William Wrigley, Jr., the son of the founder. Wrigley has two classes of shares: common and class B stock. In 1995, there were 91.2 million shares of common stock outstanding, entitled to one vote per share;

there were also 25.1 million shares of class B stock outstanding with 10 votes per share. The Wrigley family owns directly or through trusts about 22.1 million shares of common stock and about 12.9 million shares of class B stock. What percentage of the total votes do the Wrigleys control?

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Related Book For  book-img-for-question

Financial Markets And Corporate Strategy

ISBN: 9780071157612

2nd Edition

Authors: Mark Grinblatt, Sheridan Titman

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