Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Like the over-powered Superman, Super-Vote Stock owners have beefed up voting abilities above and beyond the rest of the stockholders.
Sometimes founders have an emotional connection with their companies that extends far beyond their financial involvement. So they give you a special clause in the governance of the company that gives them a special class of stock. That stock often carries a much greater voting power than the economics would dictate for the number of shares that they own.
For example, a founder who economically owns 20% of a company might have 5 to 1 super voting stock, in which case that founder's 20% economic share gets treated under of vote as if it is hundred points votes against the 1 for 1 normal shares owned by everyone else. That is, the founder can't be fired by the board.
Super voting stock isn't always just about ego. Wall Street often acts with short-term greed and the super voting stock allows companies to make long-term backs in the best long-term greed interests of the company.