2014-09-21marketwatch.com

``Alibaba investors aren't actually getting control of the company, because that is permanently locked off with a group of insiders who have all of the power despite holding a small minority of the company's equity capital. The Alibaba Partnership -- made up entirely of managers from Alibaba Group -- has the exclusive right to nominate candidates for a majority of the board seats and is even allowed to give nominees who fail to gain shareholder approval a board seat anyway under a clause giving the Partnership the ability to appoint directors "in its sole discretion and without the need for any additional shareholder approval."''



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