the holders of class a common were entitled to one vote for each share held. the holders of class B common, reserved primarily for insiders, were entitled to 10 votes for each share held. class B common was not transferable, but could be converten into class a common stock on a share-for-share basis and was transferable thereafter. the company's principals-ben cohen,jerry Greenfield, and jeffrey Furman-effectively held 47% of the aggregate voting power,with only 17% of the aggregate common equity outstanding. Nonboard members, however, still maintained 51% of the voting power (see exhirtain and the bit 5). the class a preferred stock was held exclusively by the Ben & jerr's Foundation, a community-action group. the class a preferred gave the foundation a special voting right to act with respect to certain business combinations and the authority to limit the voting rights of common stockholders in