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Shopify’s Shareholders Approve CEO’s ‘Founder Share'

By
Malique Morris
· · Source: The Information

Shopify’s chief executive Tobias Lütke now has interminable voting control of the company. Shopify’s shareholders on Tuesday approved a “founder share” that guarantees Lütke 40% voting control as long as he stays at the e-commerce software firm he co-founded in 2004. It’s a vote of confidence in the CEO that comes even as Shopify’s stock has taken a beating in the public market, dropping more...

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