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Facebook voting rights are in the hands of their dear-leader and no amount of investor pressure has direct impact on the decisions made by the company. > This
by rudolph9 7y ago
Facebook voting rights are in the hands of their dear-leader and no amount of investor pressure has direct impact on the decisions made by the company.
> This is because of Facebook's dual-class share structure. Class B shares have 10 times the voting power of class A shares, and it just so happens that Zuckerberg owns more than 75% of class B stock. It means he has more than half of the voting power at Facebook.
https://www.businessinsider.com/facebook-investors-will-vote-to-oust-mark-zuckerberg-as-chairman-2019-4 https://www.businessinsider.com/facebook-investors-will-vote...
- rudolph9 7y agoMaybe that logic applies to other companies but Facebook is probably a bad example.