This symposium essay assesses the government's private ownership experience during the financial crisis, and provides a near-term critique of the corporate governance structures utilized by the government. U.S. government corporate ownership is likely to remain quite rare, but this essay...

This chapter examines dual class common stock. Dual class stock has evolved from a vehicle used largely by insiders in family owned and media companies to retain control into a popular capital structure for founders and initial shareholders in technology start-ups. After briefly reviewing the...

The increasing use of dual class voting structures in public companies, and the frequency with which such structures contain sunset provisions, raises the issue of when and how such sunset provisions should be modified, extending the company’s use of the dual class structure. Recent decisions...