S&P, Russell Indexes Push Back on Snap’s Non-Voting Stock

Less than a week after the FTSE Russell index announced plans to exclude Snap Inc. and other companies that offer virtually non-existent voting rights to public shareholders, the S&P Dow Jones went a step (or several) further with a ban on multi-class share structures for new entrants to several of its flagship indices, including the S&P 500. The [...]