Lesson 15 -The Equity of Companies
Do you know that some of the biggest companies now did not start with bank loans/obligations?
Google, for example, was incorporated in 1998. Google Inc. was founded in September 1998 by Larry Page and Sergey Brin while they were PhD students at Stanford University. Today they own about 14% of its shares and control 56% of the stockholder’s voting power through (super voting stock).