Legally Sound | Smart Business

Nasir and Matt talk about Google's new class of stock that has no voting rights, as well as how to bring on investors without losing equity in the company. Full Podcast Transcript NASIR: Welcome to Legally Sound Smart Business. This is Nasir Pasha. MATT: And this is Matt Staub. NASIR: And welcome to Episode 28. MATT: Yeah, we’re really getting up there in the numbers. This is impressive now. NASIR: Very good. I’m really excited for this episode today. We’re talking about classes of stock with Google. MATT: Yeah, I’m just going to get right into this. So, this is with Google Stock and it’s kind of interesting. You can have classes of stock as a corporation – at least as Google has it here. This is their new C class that just got issued. But the thing here is the shareholders for this class of stock are going to have zero voting rights at the annual shareholders’ meetings. NASIR: Yeah, I mean, pretty much no rights. I assume maybe they get dividends at the least, right? But they really strip down any ki