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At this point in facebook’s history, having a board captured by Zuckerberg is a disastrous mistake. If I were an active share holder in FB I would be furious at
by village-idiot 8y ago
At this point in facebook’s history, having a board captured by Zuckerberg is a disastrous mistake. If I were an active share holder in FB I would be furious at him.
- zrail 8y agoI mean you can be furious all you want but Zuck will control Facebook until the day he dies.
- village-idiot 8y agoPart of the point of a board is to advise and temper the passions of the executives. This is why having board members subservient to the executives is always a warning sign, yes-men get the negative reputation they deserve.
- basch 8y agoWhen one person owns a majority of the voting shares, the board is just an advisory group. They have no power over him, except they have his attention and ear.
- village-idiot 8y agoI’m not saying it’s illegal, I’m just saying it’s a bad idea.
- lotsofpulp 8y agoAny active shareholder should be expected to be aware of the risks that come with investing in an entity with a single controlling shareholder.
- xiphias2 8y agoAt this point network effect is on Zuckerberg's side, the only disruption that I hope is coming is a decentralized Facebook, but it's too early for that right now.
- village-idiot 8y agoNo company is forever.
- basch 8y agohttps://en.wikipedia.org/wiki/OStatus https://en.wikipedia.org/wiki/OStatus