Google CEO Larry Page has lost his voice and will not be speaking at three company events according to chairman Eric Schmidt. The three events include yesterday’s shareholders meeting, the I/O Developers conference next week, and the second-quarter earnings announcement. At the meeting shareholders approved of a proposal that lets the company issue new shares without diluting the voting power of Larry Page, Eric Schmidt, and Sergey Brin.
The change in the stock will create a new class of nonvoting shares to be distributed by existing shareholders in a 2-for-1 stock split. The pending litigation against the new structure will probably hold up the implementation of the new structure. This likely will not be resolved until at least Q4.