Super-voting shares are here to stay, according to Mr. IPO, who says that even tech companies with dual-class shares are policed by shareholders. This is because, on average, companies with dual-class shares deliver for shareholders. This news comes as the ride-sharing company Lyft is releasing the resignations of its co-founders, John Zimmer and Logan Green. The resignations were related to their board seats, which they still retain. Green and Zimmer still control 20% of the shareholder voting rights at Lyft.

The post The market has changed, but super-voting shares are here to stay, says Mr. IPO appeared first on Balanced News Summary.