An opinion columnist for bloomberg.com observed, “A lot of people seem to think that committed, long-term shareholders should get more say than those who can bail out at any moment.”

a. What does the columnist mean by a shareholder who can bail out at any moment?

b. What is the argument in favor of long-term shareholders having more say in running a corporation than shareholders who can bail out at any moment? How did Snap attempt to achieve this goal?

c. Is there a good argument against giving long-term shareholders more say in running a corporation? Briefly explain.