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Why? Not only is nobody forcing you to buy shares, but you have to pay to join in. It's also often legal to sell your voting rights (by handing over a proxy sta
by nickff 7y ago
Why? Not only is nobody forcing you to buy shares, but you have to pay to join in. It's also often legal to sell your voting rights (by handing over a proxy statement) anyway. What's the problem?
Having a 'visionary' in charge is often a benefit, so I would imagine many would prefer to have Zuckerberg in charge rather than a board of activist investors.
- close04 7y ago> Having a 'visionary' in charge is often a benefit, many would prefer to have Zuckerberg in charge rather than a board of activist investors Of course but not necessarily because he's 'visionary'. Rather he's shown a considerable willingness to put any moral concerns aside in the interest of increasing profits. If you have any doubts think of how many times he was forced to come public with statements like "we'll do better" without actually doing better. So it makes sense for many to hitch their wagon to him instead of some dissident who may alleviate some of the moral issues at a cost.