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>Facebook was able to raise about 10 BILLION DOLLARS in this IPO. The CFO’s job is not to manage shareholder portfolios. His job is to help Facebook succeed. I
by dockd 14y ago
>Facebook was able to raise about 10 BILLION DOLLARS in this IPO. The CFO’s job is not to manage shareholder portfolios. His job is to help Facebook succeed. I don’t know about you, but putting 10 BILLION DOLLARS in the bank in my opinion is one way to help them succeed.
At what point is a company responsible to its shareholders?
- flyt 14y agoConsidering that Mark Zuckerberg holds the majority of voting shares, I'd say FB is only responsible to Mark, and him to FB.
- Evbn 14y agoShareholders are still owners and can sue if management breaks promises made in the prospectus.
- natrius 14y agoShareholders are the ones selling stock, not buying it. Shareholders want as high of a stock price as possible. They got it.