Allan Edwards CEO of The Markets Are Open has found another stock which has a dual class structure. GAMCO Investors (GBL), CEO Mario Gabelli has nearly 95% of the voting shares and 72% of the equity interest. Gabelli was once thought of as a famed investor but has had his reputation tarnished in recent years. There have been two high-profile lawsuits filed against his companies ended in combined settlements reportedly worth $230 million. He has also faced protests from his own investors over his large annual salaries.
To See Edwards full Report on GAMCO Investments Click Here
GAMCO Investors, Inc., (GBL) is a provider of investment advisory services to mutual funds, institutional and private wealth management investors, and investment partnerships, principally in the United States. Through Gabelli & Company, Inc. (Gabelli & Company), it provides institutional research services to institutional clients and investment partnerships. It generally manages assets on a discretionary basis and invests in a variety of United States and international securities through various investment styles. Its revenues are based primarily on the firm’s levels of assets under management (AUM) and to a lesser extent, incentive fees associated with its various investment products. It also offers a series of investment partnership (performance fee-based) vehicles that provide a series of long-short investment opportunities, both market and sector specific opportunities, including offerings of non-market correlated investments in merger arbitrage, as well as a fixed income strategy.
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