No. of Recommendations: 6
I can only surmise that he felt it was [just] enough of a difference to keep the bulk of aggregate voting power among the committed long term holders, the A share folks. Including, but far from exclusively, himself.
Voting power has value. Passive investors rarely care about it, but owners always do.
Consider that a new generation is taking over the empire that WEB spent his lifetime building. He built it to last. I suspect he has a carefully thought out strategy to guide the company for some time after he leaves. He trusts Greg, Ajit, and the board to follow that strategy. But Greg and Ajit work for the board, and the board is elected by the A shareholders. If he cares what happens after he is gone, and I'll bet he does, then he cares who holds the A's, and is probably happy to buy them (at a fair price) from anyone who has decided to sell.
abromber
