Google has very investor unfriendly voting structures, consider:Yup, some companies can and do tell their shareholders to pound sand for the good of the long term.
How Google's capital structure limits shareholder power
Google currently has a dual-class voting structure that ensures that not only will it get its way in all director elections, but it will also be able to soundly defeat any shareholder proposals pushing for changes to its corporate-governance structure.
Within this structure, insiders' Class B stock has 10 votes per share and average shareholders' Class A stock has one vote per share. Because of this situation, Google co-founders Larry Page and Sergey Brin, along with Chairman Eric Schmidt, control about 64% of share votes.
In addition, Google plans to introduce a new class of shares in the future -- Class C stock -- that lacks voting power altogether, allowing these insiders to acquire additional shareholder capital in the future without diluting their voting power.
http://www.fool.com/investing/gener...areholders-likely-oppose-googles-dual-cl.aspx