The Long-Term Stock Exchange Comes to Life
<i>&quot;Tenured shareholder voting power, meaning that a shareholder’s votes would be proportionately weighted by the length of time the shares have been held&quot;</i><p>I wonder if we&#x27;re going to see the rise of holding companies just to get around this rule. <i>&quot;Our holding company owns shares in XYZ, and will never sell those shares ever. Instead of buying&#x2F;selling XYZ directly, you can instead buy&#x2F;sell shares in our holding company. We will confer voting power in XYZ, proportional to how many shares of our holding company you own, regardless of how long you&#x27;ve held them.&quot;</i><p>I suppose one way to prevent this loophole is to grant voting power only to individuals, and not entities, but that would screw over index-funds, mutual-funds, foundations, non-profit-endowments etc etc.