Admiral Beez
Superstar
Considering the idiot heirs have taken a stock trading at over $25 to now one trading at well under $2, I'd say those cheering folks weren't shareholders (i.e. the owners of the company), but more likely those with interests in keeping the status quo regardless of the company's collapse in value.Really the only benefits to getting rid of the dual class share structure is to protect against the risk of idiot hiers [sic], and to address shareholder votes which were close and would have gone against the family voting block. In the Bombardier shareholder meeting when Boudoin said the family had no interest in loosening it's grip people cheered.