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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 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: "Dish Network 2010 Annual Report," on Dish Network Investor Relations, http://tiles.shareholder.com/downloads/DISH/1330128565x0x480914/DC455154- D65F-475D-B6C2-CF83AE7A1006/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
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