Richard Beales joined Breakingviews in 2007 from the Financial Times, where he was U.S. markets editor and a Lex columnist. Prior to the FT, he spent more than 10 years as an investment banker at Schroders and Citigroup, based largely in Hong Kong and working on project finance, mergers and acquisitions. He has also lived in Sydney, Australia, and began his working life in London at Mars & Co, a management consultancy. Richard holds a masters in business journalism from New York University and a degree in biochemistry from St John’s College, Cambridge. Follow Richard on Twitter @richardbeales1
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A novel deal protects the search giant’s non-voting owners against a stock discount – and from the day when Larry Page and Sergey Brin no longer wield full control. The convoluted legal settlement, however, only goes to show it’s better to avoid a caste system in the first place.
Facebook breezed through its first annual meeting. News Corp’s shareholders agreed to split the company. Both may have served the greater good, but when founders dominate the voting, it’s not a given. Other stock owners are, for the most part, merely along for the ride.
That’s the term applied by the U.S. director of national intelligence to the leak of a U.S. agency’s top-secret presentation about an online spying program. His outrage seems a bit overdone. The word might be more accurately applied to the awful slides in the document.
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