Aa Aa 2. Types of common stock True or False: In some cases, individuals who start a business have special voting rights that help them exercise more control over the firm. They own a special class of stock called founders' shares. O False True Consider this case: The CEO of EchoStar Communications, Charlie Ergen, owned around 5% of the company's stock, but his multiple votes per share gave him around 90% of the vote. Source: "Dsh Network 2010 Annual Report" on Dish Network Investor Relations, http://iles.shareholder.com/downloads/ Dsw/1330128505x0x480914/DCASS 1 SA-DesF-475D-06C2 83AE7A 1006/DISR--Web-Posting,'-3.30. 11.pd. Based on this example, which of the foilowing statements is true? O Classified shares are not issued with the purpose of providing super-voting rights to a certain class of investors. O Classified shares have super-voting rights, which give more control to a certain class of investors