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Brown Cafe UPS Forum
UPS Partners
UPS Shareowners Elect Board, Reappoint Deloitte and Touche
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<blockquote data-quote="j13501" data-source="post: 976313" data-attributes="member: 918"><p>The two classes do trade differently. The "B" shares trade on the NYSE. The "A" shares only trade when you access your Mellon account and buy or sell them. But the price of the stock (both A and B shares) is the price on the stock exchange (NYSE). It was set up this way in 1999 when UPS went public. </p><p></p><p>As for the "B" shareowners getting fleeced, different classes of stock with different votes is common with large IPOs. Look at the Facebook IPO. They went public, but the voting power will always stay with the founders of the company. As for UPS, with a 10:1 ratio on voting power between "A" and "B" shares, it almost guarantees that the employees of UPS, (and the UPS foundation) who are the only ones who can own "A" shares, will always control the voting power for the Board of Directors.</p></blockquote><p></p>
[QUOTE="j13501, post: 976313, member: 918"] The two classes do trade differently. The "B" shares trade on the NYSE. The "A" shares only trade when you access your Mellon account and buy or sell them. But the price of the stock (both A and B shares) is the price on the stock exchange (NYSE). It was set up this way in 1999 when UPS went public. As for the "B" shareowners getting fleeced, different classes of stock with different votes is common with large IPOs. Look at the Facebook IPO. They went public, but the voting power will always stay with the founders of the company. As for UPS, with a 10:1 ratio on voting power between "A" and "B" shares, it almost guarantees that the employees of UPS, (and the UPS foundation) who are the only ones who can own "A" shares, will always control the voting power for the Board of Directors. [/QUOTE]
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UPS Shareowners Elect Board, Reappoint Deloitte and Touche
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