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Michael Sabia, CEO of Caisse de dépôt et placement du Québec, speaks in Toronto on Tuesday. (CHRIS HELGREN/REUTERS)
Michael Sabia, CEO of Caisse de dépôt et placement du Québec, speaks in Toronto on Tuesday. (CHRIS HELGREN/REUTERS)

Caisse head supportive of businesses driven to use dual-class shares Add to ...

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Companies listing on stock markets for the first time are increasingly driven to use unequal voting shares because investors are making it hard for entrepreneurs to grow a new business without fear of takeover, said Quebec pension fund head Michael Sabia.

Mr. Sabia, chief executive officer of the Caisse de dépôt et placement du Québec, told a Toronto audience Tuesday that he has grown increasingly sympathetic toward companies that use dual-class shares appropriately because markets are becoming more impatient and more short-term oriented.

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