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"At what point of scale do people start imagining they have a right to make demands on how something somebody else built and owns should be run?" Well, presuma
by jzb 4y ago
"At what point of scale do people start imagining they have a right to make demands on how something somebody else built and owns should be run?"
Well, presumably the point when they no longer own it and turn it into a public company with shareholders that are going to go down with the $500b ship.
A quick google says that Mark owns 13.4%, not a majority of the company.
So he has a pretty large voice and might be the largest single shareholder but it's no longer his -- it's not his prerogative or risk to take, if the board decides it's not. And there's a good argument that the board should replace him.
- quickthrowman 4y ago> So he has a pretty large voice and might be the largest single shareholder but it's no longer his -- it's not his prerogative or risk to take, if the board decides it's not. And there's a good argument that the board should replace him. Zuckerberg has over 50% of the voting rights, which means he controls the board of directors.