upper waypoint

AP: Google Board Approve Unusual Stock Split

Save ArticleSave Article
Failed to save article

Please try again

By The Associated Press

WISH GRANTED: Google shareholders approved an unusual stock split that CEO Larry Page wanted to ensure that he and the company's other co-founder, Sergey Brin, retain most of the voting power at the Internet search player. The split will create a new class of non-voting stock.

SURPRISE ABSENCE: Approval had been a foregone conclusion at Thursday's annual shareholder meeting, but not everything went according to plan. Page missed the meeting because he lost his voice. Google Inc. didn't provide further details about Page's condition.

WHAT'S NEXT: Google doesn't expect to split its stock until October at the earliest.

Sponsored

lower waypoint
next waypoint
Pro-Palestinian Protests Sweep Bay Area College Campuses Amid Surging National MovementAt Least 16 People Died in California After Medics Injected Sedatives During Police EncountersState Court Upholds Alameda County Tax Measure Yielding Hundreds of Millions for Child CareYouth Takeover: Parents (and Teachers) Just Don't UnderstandCalifornia Regulators Just Approved New Rule to Cap Health Care Costs. Here's How It WorksSan José Adding Hundreds of License Plate Readers Amid Privacy and Efficacy ConcernsCalifornia Law Letting Property Owners Split Lots to Build New Homes Is 'Unconstitutional,' Judge RulesViolence Escalates in Sudan as Civil War Enters Second YearSF Emergency Dispatchers Struggle to Respond Amid Outdated Systems, Severe UnderstaffingLess Than 1% of Santa Clara County Contracts Go to Black and Latino Businesses, Study Shows