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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

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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 Faise 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: "Dish Network 2010 Annual Meport," on Dish Network investor flolations, Based on this example, which of the following statements is true? Classified shares are not issued with the purpose of providing super voting rights to a certain class of investars. Classified shares have super voting rights, which give more control to a certain class of investors

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