Quote:
But essentially all they're doing is holding onto ten $10 bills instead of a hundred $1 bills.

If I understood it correctely the two class system allows them to hold onto ten $1 bills with 100 votes instead of hundred $1 bills with 100 votes, allowing them to own less of the company but keep as much control as if they would own 10 times as much. Put another way it makes control of the company cheaper and their wallets thicker since they can sell more than 50% of the stock to the public. In a single class system the onedimensional ten $10 bills instead of a hundred $1 bills comparison would be correct because percentual ownership of the company and number of votes qualities are linked, they're the same for all shares. But a two class system breaks the 1:1 link between ownership and control, they're made two seperate qualities which leaves us in a two dimensional space in which shares have to be valuated. The insiders pick the best quadrand for their purpose: cheap power.
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_______ Thomas