2 ms·

Does the board even matter? I thought in facebook's case, it was symbolic, a nonbinding suggestion factory.

• will_brown 10y ago
  It's an interesting question... Let's assume for purpose of shareholders, I believe Zuckerburg (famously) has majority interest in voting shares. In practice that should mean he controls who is on the board should they not vote in alignment with his preferences; however, certainly there could be other agreements/contracts the guarantee board seats here and there, that should all be available as a public company I just haven't looked. At minimum, one would "assume" Facebook required board approval of a $1B+ acquisition.
  • basch 10y ago
    I dont think he needs to consult the board. I think he has a board to bounce ideas off, because he values feedback.