Some corporations have two types of common shares, voting and non voting. The New York Times family, for instance, has special voting stock that controls ownership. Other non-voting New York Times company shareholders cannot vote that class of stock.
There has been a constant clamor for change, that shareholders who hold their common stock for a longer period should have more voting power than those who buy shares for shorter, trading periods, Or restrictions on those who buy them to exercise control for company takeovers.
Conventional understanding in the past was, that if you did not like management you sold your stock, instead of trying to take the company over. (See the Earl J Weinreb NewsHole® comments.)
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