Santa Clara University



President's Speaker Series

Sponsored by the Office of the President, the President’s Speaker Series is a forum that brings eminent leaders to Santa Clara, providing our students, faculty, and the community an opportunity for intellectual rigor, critical thinking, reflection, and dialogue.

Santa Clara Lecture Series

The Santa Clara Lecture Series is sponsored by the Bannan Institute, which is committed to examining Catholic identity and Jesuit character.

Ethics at Noon

The Markkula Center for Applied Ethics sponsors the Ethics at Noon lecture series. These lunch-hour programs provide a forum for SCU faculty members and other experts to explore ethical issues in many fields.

de Saisset Museum

The museum offers several lectures and programs based on current exhibitions.

SVDX Presents: Two Classes of Common Stock: Qui Bono?

Mar 21, 2013
7:30 a.m. - 9:30 a.m.
Stanford Law School
Cost : Free
Markkula Center for Applied Ethics ; Silicon Valley Directors' Exchange

Two Classes of Common Stock: 
Qui Bono?

Thursday March 21, 2013 from 7:30 AM to 9:30 AM PDT
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Stanford Law School
559 Nathan Abbott Way
Stanford, CA 94305
Driving Directions

In light of the IPO's and subsequent performances of Facebook, Groupon, Zynga, etc., there has been renewed discussion in The Valley of whether two classes of common stock, that places control of the Board in the hands of the Founders and not the investors, benefits the investors or just entrenches Management.  The argument in favor of two classes of common is that it allows the Founders to run the company without interference from activist shareholders who are "short-termers."   The argument against is that a Founder who is a poor CEO cannot be removed by the Board -- and hiring the firing the CEO is the raison d'etre of a corporate Board.    Our panel of seasoned experts hold divergent views on this topic.   Please attend and join in the conversation.


Our Panel


Katie Martin

is a senior partner at Wilson Sonsini Goodrich & Rosati, specializing in corporate and securities law.  Katie has represented numerous public companies in SEC compliance, corporate governance, '33 and '34 Act issues and mergers and acquisitions. She has also represented underwriters in both public offerings and private equity financings.   


Andrew Shapiro

is the founder and CEO of Lawndale Capital Management, an investment advisor that manages small- and micro-cap activist hedge funds. In addition, Andrew has served as a director or observer on portfolio company boards and debt and equity bankruptcy committees. Business Week called Andrew "the Gary Cooper of Governance." 


Janice Hester Amey

is a portfolio manager at CalSTRS in its corporate governance group. Established more than 90 years ago, CalSTRS serves over 800,000 members with assets in excess of $175 billion.  Janice is responsible for development of policies relative to investment managers. 




Jim Balassone

 directs the business ethics program at the Markkula Center for Applied Ethics at Santa Clara University.  Jim works with boards, C-Suite executives and non-profit advisory boards on topics of business ethics, obstacles to effective ethical behavior and campaigns for improving ethical culture. 




More Information
James Balassone
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