4 ms·

He casts the majority of the shareholder votes.

• vxNsr 8y ago
  So did Travis, the way the shareholders and board got around that was by threatening expensive and public lawsuits. If you take a lot of money from rich people you're never gonna be above their power.
  • belenos46 8y ago
    Pretty sure Travis didn't. IIRC he had the single largest bloc of voting rights (~18%), but that can still be overruled. ~58% (Zuckerberg's share percentage) can't be ousted no matter how the other voting shares vote.
    • deleted 8y ago
      [deleted]
    • anticensor 8y ago
      He could be sued out of excess (exceeding his proportion of shares) voting rights by beneficiary action. This is a public company, remember your fiduciary and beneficiary rights.