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The article mentions the same though: It means he has more than half of the voting power at Facebook and therefore the ability to swat away investor proposals.

• chki 8y ago
  But how does that make the chance of the proposal becoming reality slim? It makes it impossible for Zuckerberg to be removed without his consent, right?
  • johntb86 8y ago
    Not exactly impossible - see Deciem at https://www.bloomberg.com/view/articles/2018-10-15/insider-trading-isn-t-so-simple https://www.bloomberg.com/view/articles/2018-10-15/insider-t... , though that requires very unusual circumstances.
  • MR4D 8y ago
    You’d be surprised at how Wall Street works sometimes. Not sure about this particular case, but what can happen is that the fund managers talk, and they stop buying (or even start selling) shares of the company. These funds may look small to you, but if they can drive a 5 or 10% drop, things spread like wildfire. Further, it’s likely that one of these fund managers have a strong relationship with another fund manager, and if the proposal is reasonable, then others may jump on the bandwagon. Finally, consider how the situation changes if someone at BlackRock decides this would be helpful. All of a sudden, the conversation changes immensely due to the large number of shares they control. Institutional shareholders own almost 3/4 of all shares. Ownership is not the same as control, but it’s a good proxy at this level [0]. [0] - https://www.nasdaq.com/symbol/fb/institutional-holdings https://www.nasdaq.com/symbol/fb/institutional-holdings