"With Alibaba's recent IPO on NYSE (instead of Hong Kong or China), the "one-share, one-vote" corporate governance standard has once again been challenged. Alibaba's choice follows a trend by high-profile US tech companies, such as Google, Facebook, LinkedIn, and Zynga, in going public with dual-class share structures. Institutional investors and their representatives, including CII, CalPERS, and ISS, have voiced opposition to dual-class structures. But some companies, including the New York Times, the Washington Post, and even Berkshire Hathaway, have long had dual-class share structures that conferred control to a concentrated set of owners. Stock pyramids and cross-ownership structures render a similar effect. Abroad, controlled family-owned businesses or holding groups are the norm." - Todd Hoff