Shopify Vote on Lutke’s Powers Won With 54% Support
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Shopify Inc. investors were divided on the e-commerce company’s proposal to entrench Chief Executive Officer Tobi Lutke’s voting power.
Just under 54% voted in favor of creating a special “founder share” that guarantees Lutke at least 40% of the voting rights at the company under certain conditions, according to a statement Wednesday from Shopify.