Question

Founders' shares are a type of classified stock where the shares are owned by the firm's founders, and they generally have more votes per share than the other classes of common stock. True False

Answer 1

TRUE

Step-by-step explanation:

This is True because Founders are usually the first to get shares of a company, hence they will have more votes per share than the other classes of common stock.

Founder's shares are a type of classified stock.