“ The dirty secret of the global financial system — and the credit crunch that broke it — is that equity is an increasingly costly and inefficient mechanism for organizing corporate governance.
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Not a Great Depression, a Great Rebalancing - Umair Haque
Here’s my comment:
Funny how GOOG addressed this, with the voting v. non-voting stock classes. A truly primordial example of selling new DNA…“Our DNA is good, trust us! And if you don’t like what we’re doing, fine. We don’t care.”
