Shopify Shareholders Boost CEO Tobi Lütke’s Voting Power

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Shopify shareholders narrowly permitted a measure to guard the voting energy of co-founder and Chief Executive Tobi Lütke.

About 54% of shareholders on Tuesday voted in favor of granting Mr. Lütke a new so-called founder share that, on prime of his current supervoting Class B shares, raises his voting energy to 40% from 34%.

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