Jay Ritter

Elon Musk wants what Mark Zuckerberg has — why shareholders would lose out

Cordell Eminent Scholar Jay Ritter provides his IPO expertise to this story about Elon Musk’s public demand that Tesla’s board give him even greater influence over the company by boosting his stake to 25%. He even floated the idea of receiving another class of shares that would grant him more votes without diluting existing Tesla shares or forcing the company to hand over billions of dollars in extra compensation. 

As Ritter highlights, IPOs in the tech industry using dual-class shares have been on the upswing.

Read more in this story from Yahoo! Finance