True or False: To segment the rights to which certain common shareholders are entitled, companies often separate common equity into more than one class of shares called classified stock. True False 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 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