3 ms·
While Zuckerberg owns just 13 percent of Meta's stock, he controls 61.1 percent of the vote because of the company's voting structure.
by blitzar 3y ago
While Zuckerberg owns just 13 percent of Meta's stock, he controls 61.1 percent of the vote because of the company's voting structure.
- whimsicalism 3y agoHuh - TIL. Those sort of arrangements should be illegal imo
- Sunspark 3y agoWhy? It was his company to begin with. Nobody forced anyone to buy the stock. Everyone buying the stock willingly accepts that Zuck is the King of Facebook.
- whimsicalism 3y agoWe should have more stringent laws regarding the form of corporate governance. When ownership stakes are sold with profit stakes, it creates more sustainable enterprise with aligned values.