Consider this case: The CEO of EchoStar Communications, Charlie Ergen, owned around 5% of the company's stock, but his multiple votes per share gave him around 90% of the vote.
Based on this example, which of the following statement is true?
a. Classified shares have super voting rights, which give more control to a certain class of investors.
b. Classified shares are not issued with the purpose of providing super voting rights to a certain class of investors. Suppose you work for a mutual fund firm. You team is thinking of investing in EchoStar's stock.
Your task is to create a report on the stock's performance and investment potential. In this scenario, you are working as a analyst.