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The company’s IPO includes a dual-class stock structure, with one class of shareholders getting 20 votes per share and another getting just one vote per share. Dual-class share structures are increasingly common among technology companies, although Uber got rid of its dual-class stock as part of a broader governance reform women’s shirts that require cufflinks. Lyft will offer cash bonuses of up to $10,000 to some of its most active drivers with the option to purchase shares in the IPO, a bid to improve relations with drivers. Reuters reported the plan on Thursday..
Lyft co-founders Logan Green and John Zimmer each own about 1.2 million shares. The company’s largest shareholder is Rakuten Inc, a Japanese internet company that invested in Lyft in 2015 and made several subsequent investments, and owns a more than 13 percent stake women’s shirts that require cufflinks. As a private company, Lyft raised nearly $5 billion from investors. Other top shareholders include General Motors Co and Fidelity Investments, with just under 8 percent stakes each; venture capital firm Andreessen Horowitz, which owns more than 6 percent; and Alphabet Inc, with more than 5 percent of shares..
(Reuters) – Wells Fargo & Co executives and directors have reached a $240 million settlement with U.S. shareholders over the creation by bank employees of millions of unauthorized customer accounts women’s shirts that require cufflinks. The settlement was filed late Thursday with the federal court in San Francisco, and requires a judge’s approval. It resolves claims that the officials breached their fiduciary duties by knowing about or consciously disregarding the bogus accounts, and failing to stop their creation. Insurers for 20 current and former Wells Fargo executives and directors, including Chief Executive Tim Sloan and his predecessor John Stumpf, will pay the $240 million to the bank. The officials denied wrongdoing..
Wells Fargo spokesman Peter Gilchrist declined to comment on Friday. The San Francisco-based bank has been beset by scandals over its sales practices since agreeing in September 2016 to pay $190 million to settle government claims that it created the customer accounts without permission women’s shirts that require cufflinks. Outrage over the settlement and the bank’s handling of the fallout led to Stumpf’s departure. Other sales abuses later surfaced, including Wells Fargo’s charging for unnecessary auto insurance and imposing excessive mortgage fees..
The shareholders in Thursday’s settlement were led by pension plans in Alabama and Colorado. Their lawyers called the accord the largest insurer-funded cash settlement in a U.S women’s shirts that require cufflinks. shareholder derivative lawsuit, surpassing News Corp’s $139 million accord in 2013 over its handling of a phone hacking scandal in Britain. Shareholders bring derivative lawsuits on behalf of companies, typically when the defendants are corporate officers or board members, with proceeds going to the companies..