Dual-class voting breeds corruption

It’s impossible to reform Uber’s culture because dual-class voting means the CEO can be a tyrant with 10 votes per share. Is there any good reason for unequal voting rights per share? I think Alibaba moved here because Hong Kong doesn’t allow this. Such a system makes it impossible to kick out a bad CEO, and is another extreme failure of capitalism as a mechanism of paying a fair game to redistribute wealth.


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