Stocks and Their Valuation(英文版)(ppt 44页)

Stocks and Their Valuation(英文版)内容提要：
Facts about Common Stock：
Represents ownership.
Ownership implies control.
Stockholders elect directors.
Directors elect management.
Management’s goal:  Maximize stock price.
Social/Ethical Question：
Should management be equally concerned about employees, customers, suppliers, “the public,” or just the stockholders?
In enterprise economy, work for stockholders subject to constraints (environmental, fair hiring, etc.) and competition.
What’s classified stock?  How might classified stock be used?
Classified stock has special provisions.
Could classify existing stock as founders’ shares, with voting rights but dividend restrictions.
New shares might be called “Class A” shares, with voting restrictions but full dividend rights.

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