Google Shareholders Vote Against Anti-Censorship Proposal from PC World reports that Google’s shareholders sided with Google and voted down the anti-censorship proposal spearheaded by the New York City pension funds and the Office of the Comptroller of New York City.
In short, a majority of shareholders sided with Google, which will continue to allow Google to operate in China and other countries that require pro-active censorship.
Related Topics: Google: Critics | Google: Outside US | Legal: Censorship
Well, the boys at Google structured their IPO so that Page/Brin/Schmidt shares have 10x the voting power of other shares.
“Larry Page and Sergey Brin and CEO Eric Schmidt, who together own 56.1 percent of the voting stock of Google, which has a market capitalization of nearly $150 billion.”
http://www.reuters.com/article/technology-media-telco-SP/idUSN0540361220070405
So shareholders have very little sway with Google’s management. That’s a good thing in my opinion.