Google stock split proposal faces a lawsuit filed by the Brockton Retirement Board. (Image: Robert Scoble, via Flickr / CC)

Google is now facing a lawsuit filed by a pension fund after the Internet behemoth offered up a stock split proposal.
Last month, Google reported sound financial figures over its previous quarters and proposed a stock split to beef up stocks owned by co-founders Larry Page (CEO) and Sergey Brin.
However, according to Reuters, the Brockton Retirement Board, a pension …

Google stock split earns critical judgment from governance experts. (Image: Robert Scoble, via Flickr / CC)

Stock splits usually get a thumbs-up and a round of applause from investors and governance experts. However, when Google announced an elaborate and tortuous plan to distribute additional shares – which do not have any voting power – to investors, they got the opposite reaction.
 
Google’s strategy to achieve the same result as that of a stock split is a little complicated. It …