Google shareholders have approved an unconventional stock split that will ensure that the company’s co-founders remain in control.
Google shareholders have approved an unconventional stock split that will ensure that the company’s co-founders remain in control.
The plan passed Thursday at Google’s annual shareholder meeting calls for the creation of a new class of nonvoting stock.
Larry Page and Sergey Brin, who started Google in 1998, wanted the nonvoting stock to prevent the possibility of their authority from being undermined as the company issues more shares to compensate employees and finance future acquisitions.
Google’s stock climbed to a new high Friday as Wall Street’s best known indexes approached record territory, too.
GOOGLE THIS: Google's stock topped $900 as the tech giant unveiled a music streaming service and a new Google Maps. Google's stock is up 50 percent over the past year.
SAN FRANCISCO — Google is trying to upstage Siri, the sometimes droll assistant that answers questions and helps people manage their lives on Apple’s iPhone and iPad.
Google, operator of the world’s largest Web-search engine, has passed Apple to become the most-owned stock by the 50 biggest actively managed U.S. mutual funds, according to a report by Citigroup.
For Google CEO Larry Page, happiness is a warm computer.
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