soundproof:
Am I wrong in remembering that 60% of the shares in B&O are still in the hands of the descendants of the founders? And that only 40% are on the exchange?
It is a little more complicated. I DK we typically have two classes of shares A and B. A-shares has 10 times more voting power than B-shares. The descendants control the firm, but they are not the majority shareholder. You cannot buy A-shares off the market.
Dividends, however, are distributed equally between A and B shares.
Yes, but I do think the split is 60% A shares and 40% B shares. About 40% of the shares are tradeable, I'm being told by my business partner, who does way too much such trading. He'll hate it if I tell him he's wrong, so just let me know.