Preferred stock gets preference on dividends (they get paid first, and often more or less promised they will always get a dividend).
In exchange, they normally don't have voting rights. It fits in somewhere between a bond and common stock.
Common Stock itself can have classes. The New York times has "A" and "B" stock -- I forget the exact details, but one class of stock basically controls 90% of the votes with only 10% of the equity and is owned by the Sulzberger family (the original owners). They say that's so they can make sure it remains a good source of news (*snicker*). The other stockholders with 90% of the equity can only vote only have 10% of the votes. Means the non-family stockholders can't do diddly about the Board of Directors, etc unless a substantial number of family members back them.
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Today's Featured Article - Ford Part Number Trivia - by Forum Participants. "Replaced by" means the part was superseded. All of my part books date back to 1964 and New Holland have changed some part numbers. They usually put the old Ford part number on the package. I was suppressed when I looked up the part number of the auxiliary drive shaft because for some reason the part number went through a radical change and it lost its "Basic Part Number". Ford part numbers follow the following rules. Most part numbers are in three parts. The middle part is called the
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