This is an extraordinary lawsuit of interest to any company whose founder has supervoting shares—and that includes both Alphabet and Facebook. CBS has reportedly sued to dilute the majority voting stock held by its controlling shareholder, the Redstone family, to stop it from forcing a merger with the Redstone family’s other public media company, Viacom. This is the latest in a long and...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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