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Q: Trading the voting rights of common stock ( Answered 3 out of 5 stars,   0 Comments )
Question  
Subject: Trading the voting rights of common stock
Category: Business and Money > Finance
Asked by: job1-ga
List Price: $20.00
Posted: 20 Jan 2003 15:25 PST
Expires: 19 Feb 2003 15:25 PST
Question ID: 146160
Are there any examples where the voting rights of common stock have
been traded separately from the stock ownership rights?
Answer  
Subject: Re: Trading the voting rights of common stock
Answered By: sweetcaro333-ga on 22 Jan 2003 00:19 PST
Rated:3 out of 5 stars
 
Dear job1-ga,

There are examples of transferral of voting rights of common stock.

Warren Buffett often grants voting rights to trusted  directors and
management of companies he owns.  A proxy may be signed to transfer
voting rights to another individual.
http://investopedia.com/terms/p/proxy.asp

Common stock holders may use a voting trust certificate to transfer
voting rights to a trust which consolidates the votes of many minority
stock holders:
http://www.trading-glossary.com/v0059.asp
http://www.amerilawyer.com/voting_trusts.htm


Related links:

"George Sletteland testified that he owns a beneficial interest in
Bank stock, the voting rights of which he transferred to his son. TR
193. He testified that the voting trust is irrevocable for five years
and he cannot replace the trustee."
http://www.fdic.gov/bank/individual/enforcement/5152.html

"Now let's look at Comcast and Cox. Sure, Comcast and Cox will give up
voting rights, but the companies can also exit their exclusive
arrangement with Excite@Home in 2001. Comcast and Cox will be free to
rake in fees from other Internet service providers."
http://news.zdnet.co.uk/story/0,,t269-s2078082,00.html

Sincerely,

sweetcaro333-ga

Request for Answer Clarification by job1-ga on 22 Jan 2003 08:16 PST
This answer cites examples of specific transfers of voting rights by
one person to another, but does not discuss the original question,
"Are there any examples where the voting rights of common stock have
been traded separately from the stock ownership rights?" Are there any
example of informal or formal exchange trading of voting rights
separately from ownership rights?
job1-ga rated this answer:3 out of 5 stars
Please see my posted comment.

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