True or False: To segment the rights to which certain common shareholders are entitled, companies often separate common equity into more than one class of shares called classified stock. False O True Consider this case: When Google went public, it issued Class B shares that had 10 votes per share as compared to Class A shares that had 1 vote per share. Class B shares were sold to the founders, executives, and insiders in the company. Source: "Google 2004 Annual Report," on Google Investor Relations, http://investor.google.com/pdf/2004_AnnualReport.pdf. Based on this example, which of the following statements is true? O Classified stock is issued to give more votes per share to the founders of the firm. O Classified stock is not issued to give more votes per share to founders of the firm