help

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. True False Consider this case: The CEO of EchoStar Communications, Charlie Ergen, owned around 5% of the company's stock, but his multiple tes per share gave him around 90% of the vote. Source: "Dish Network 2010 Annual Report," on Dish Network Investor Relations, http://res.sharehoider.com/downloads DISH 1330128565x0X480914/DC45515A- DSP-4750-86C2-CFB3AEZA 008/DISH_Web_Posting -- 3:30.11.pdf Based on this example, which of the following statements is true? Classified shares have super voting rights, which give more control to a certain class of investors. Classified shares are not issued with the purpose of providing super voting rights to a certain class of investors