posing

Coinbase’s plan to go public in April highlights a troubling trend among tech companies: Its founding team will maintain voting control, making it mostly immune to the wishes of outside investors. The best-known U.S. cryptocurrency exchange is doing this by creating two classes of shares. One class will be available to the public. The other is reserved for the founders, insiders and early investors, and will wield 20 times the voting power of regular shares. That will ensure that after all is said and done, the insiders will control 53.5% of the votes. Coinbase will join dozens of other publicly traded tech companies – many with household names such as Google, Facebook, Doordash, Airbnb and Slack – that have issued two types of shares in an effort to retain control for founders and insid...

Now that the U.S. Supreme Court has refused to hear four inmates’ challenge to the specifics of the lethal injection process, federal executions are expected to resume next week. In July 2019, Attorney General William Barr declared an end to a federal moratorium on executions that had been in effect since 2003. The inmates alleged that the Justice Department’s execution instructions, which call for the use of a single dose of pentobarbital, a barbiturate that is normally used as a sedative, violates the Federal Death Penalty Act. They claimed that the law requires federal executions to be carried out “in the manner prescribed by the state” in which the prisoner was convicted. Pentobarbital is not used in Arkansas, Iowa or Missouri, the pertinent states in their cases. They were hoping th...

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‘Myth Of The Founder’ Puts Tremendous Power In Hands Of Big Tech CEOs Like Zuckerberg – Posing Real Risks To Democracy

Federal executions to resume, posing a new test for lethal injection