Stockholders' Voting Rights and the Centralization of Voting Control

W. H. S. Stevens

The Quarterly Journal of Economics, 1926, vol. 40, issue 3, 353-392

Abstract: Restricted voting control comparatively recent, 353. — I. Non-voting industrial stocks. Preferred issues, 357. — Common stock, 360. — II. Contingent voting industrial stocks; their importance and characteristics, 362. — Non-voting contingent voting issues, 364. — Non-voting with exceptions — contingent voting, 364. Non-voting for directors — contingent voting, 366. — Full voting — contingent voting, 367. — III. Conditions which render operative the contingent voting rights. Dividend defaults, 367. — Other contingencies, 372. — IV. Extent of contingent voting control when operative. Exclusive voting, 374. — Extra voting, 375. — Full voting, 376. — Exclusive voting for directors, 377. — Contingent voting common shares, 378. — V. Railroad and public utility non-voting and contingent voting stocks: Utilities, 378; Railroads, 381. — VI. Arguments for and against non-voting stocks, 382. — Advisable to prohibit strictly non-voting issues, 385. — Ineffectiveness of full voting rights to prevent centralized voting control, 386. — VII. Conclusion. Advantages of strong contingent voting issues, 388.

Date: 1926
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.2307/1885170 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:40:y:1926:i:3:p:353-392.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().