Ny undersøgelse afslører, at stadig flere nynoterede selskaber vælger at have flere aktieklasser. Blandt andet opererer nogle selskaber med højere stemmevægte til aktionærer, som har holdt deres aktier i selskabet i længere tid: ”In today’s capital markets the principle of one share, one vote is increasingly under scrutiny. The rise of high-vote and no-vote stock has created a popular alternative for companies at the initial public offering stage. According to Dealogic, approximately 14% of IPOs in the past year used some form of dual-class stock, compared to only 1% in 2005. Prominent companies with a separate class of highvote stock include Alibaba, Facebook, Ford, Google (now Alphabet), and Square. In the paper Tenure Voting and the U.S. Public Company, co-authored with U.C. Berkeley Law Professor Steven Davidoff Solomon and my colleague Aaron Jedidiah Benjamin, we examine “tenure voting” as an alternative to the prevailing one share, one vote and dual-class models. Tenure voting is the award of an additional number of votes to shareholders depending upon the duration of their ownership”