The ceo of Echostar commmunications, Charlie Ergen, owned around 5% of the company's stock, but his multiple votes per share gave him around 90% of the vote. Based on this example, which of the following statements is true?
A. classified shares have super-voting rights, which give more control to a certain class of investors
B. Classified shares are not issued with the purpose of providing super-voting rights to a certain class of investors