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Friday, April 13, 2012

Google's stock will help tighten Page's, Brin's grip on company's destiny - Washington Post

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Google's stock will help tighten Page's, Brin's grip on company's destiny - Washington Post
Apr 13th 2012, 10:04

That said, they also note that there's no particular "urgency" to this move, noting that they "don't have an unusually big acquisition planned, in case you were wondering," but that there wasn't any good reason to delay it, either. The paperwork will be filed with the SEC next week, they say, and voted on at Google's annual shareholder meeting on June 21st — and considering the company's existing voting structure with Page, Brin, and Schmidt in almost full control, the measure is expected to pass without a problem.

This article originally appeared on theverge.com as Larry Page, Sergey Brin defend stock split in annual Founder's Letter, say no 'big acquisition planned' .

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