Comment on SoftBank Seeking to Take Control of WeWork Through Financing PackageparentComments−malandrew6yI thought he already gave up the majority voting power a few weeks ago when trying to salvage the IPO. Does he still have that power?−detaro6yIndeed, I apparently misread that. So probably still influential, but not majority.−wastedhours6yHe still has outweighted voting rights on his shares I think, but now at a non-majority level by the seems of it (I think the old model was 10 votes per share vs most other shareholders 1).−malandrew6yYeah, looks like it is now 3:1.
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I thought he already gave up the majority voting power a few weeks ago when trying to salvage the IPO. Does he still have that power?
Indeed, I apparently misread that. So probably still influential, but not majority.
He still has outweighted voting rights on his shares I think, but now at a non-majority level by the seems of it (I think the old model was 10 votes per share vs most other shareholders 1).
Yeah, looks like it is now 3:1.