
Along with Google’s Q1 earnings reports, Google announced their plans to create a new class of non-voting stock which will be distributed via a stock dividend to all existing stockholders — essentially creating a 2-for-1 stock split. Existing stockholders will receive one new share of non-voting stock for every share they own, doubling their overall share without affecting voting power. This new non-voting stock will be available for corporate uses, like equity-based employee compensation, and will ensure Google’s founders retain control over Google’s destiny.