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Exactly this. If Zuckerberg had done something illegal with the voting power structure, SEC would have ousted him by now. Everyone knew what they were into when
by emilfihlman 7y ago
Exactly this. If Zuckerberg had done something illegal with the voting power structure, SEC would have ousted him by now. Everyone knew what they were into when buying the stock and if not, the buyers had not done their due diligence, which is not Facebook's issue.
- JumpCrisscross 7y ago> If Zuckerberg had done something illegal with the voting power structure, SEC would have ousted him by now Lots of securities laws, particularly those relating to corporate governance, rely on private enforcement. The lack of SEC action in no way clears Zuckerberg.