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>this is a conscious and apparently quite effective effort to create a "Zuckerberg ignores his shareholders" narrative... My point is that the prospectus "...i
by bilbo0s 7y ago
>this is a conscious and apparently quite effective effort to create a "Zuckerberg ignores his shareholders" narrative...
My point is that the prospectus "...is a conscious and apparently quite effective effort to create a 'Zuckerberg ignores his shareholders' narrative..."
It's quite literally, publicly stated company policy in this regard.
- Bartweiss 7y agoI guess the distinction I'm drawing is between can ignore and does ignore. Everyone who bought in knew, or should have known, that Zuckerberg had the power to ignore their votes. But in principle, that could have been limited to fending off raiders, mergers, or other harmful initiatives. By repeatedly demanding an executive chair to provide oversight, Trillium stresses the idea that Zuckerberg is using his majority vote to defend irresponsible leadership. Will anything actually come of it? Probably not, but if FTC or SEC pressure amounts to something real it might position them better to gain influence over the company.
- AstralStorm 7y agoWhy should SEC or FTC pressure anybody? If Facebook fails sure to irresponsible leadership, so be it. Someone will buy it off. The shareholders accept that risk and can always divest... About the only thing this fuss does is manipulate Facebook's share price. Of course, everyone wants a bigger piece of the pie, so they can try to bring even more political pressure on Zuck.