The worst-kept secret in Silicon Valley is finally out: Google, the Internet search engine with legions of digital devotees, will sell shares to the public sometime this summer. The crush of interest that has surrounded what will be a highly unusual initial public offering (IPO) of stock is in many ways justified. Google is that rare Internet success story--profitable since 2001, with revenue that soared nearly threefold since then, to $962 million, last year.
Yet in their attempt to create a corporate utopia, founders Sergey Brin and Larry Page are creating two stock classes--one for themselves and one for the...
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