Why companies aren't democracies, and why that's okay [Globe and Mail, The (Toronto, Canada)]
Paramount Global - Class A (PARAA)
Company Research
Source: Globe and Mail, The
THE CANADIAN PRESS/Chris Young Chris Young/The Canadian Press Bryce Tingle is the author of Hard Lessons in Corporate Governance and the N. Murray Edwards Chair in Business Law in the faculty of law at the University of Calgary. Behind every ridiculous business story, there are often dual-class voting shares, which provide one class typically 10 to 20 more votes a share than another. Just in the last six months this has included Shari Redstone enlivening our summer by throwing spanners into the careful sales plans of Paramount Global's board of directors. Ms. Redstone has a 77-per-cent voting stake through a mere 5-per-cent economic stake. Even in Canada, dual-class shares feature prominently in the boardroom battle at Rogers – the one that memorably began with a “butt dial” and doubtless ended in very awkward family reunions. Dual-class shares allow the founding family to dominate the company despite holding a minority stake. Canadian companies, never reluctant to scrupulou
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PARAA
News
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- Archegos' Bill Hwang sentenced to 18 years in prison for massive U.S. fraud [MSNBC.com]MSNBC.com
- Archegos founder Bill Hwang sentenced to 18 years for fraud that cost global investment banks billions [Fortune]Fortune
- Archegos’ Bill Hwang sentenced to 18 years in prison for massive U.S. fraud [MSNBC.com]MSNBC.com
- Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud [Yahoo! Finance Canada]Yahoo! Finance Canada
PARAA
Earnings
- 11/8/24 - Beat
PARAA
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form 4
- 11/14/24 - Form 8-K
- PARAA's page on the SEC website