3 ms·
“Mr Zuck” is more than just a manager. He owns around 20% of the economic shares of Meta and more than 50% of the voting rights. So he is acting on behalf of t
by hnlmorg 1y ago
“Mr Zuck” is more than just a manager. He owns around 20% of the economic shares of Meta and more than 50% of the voting rights.
So he is acting on behalf of the shareholders because he is also the most important shareholder.
- rhetocj23 1y agoNo he is a manager and is employed at the behest of the collective shareholders. Zuck can exercise all his power, but he can also enjoy a low stock price if he pisses off investors. Hence that power doesnt mean much.
- hnlmorg 1y agoBut, again, he is effectively the majority shareholder. That power means literally everything. Facebook is his company in every sense of the term and if investors don’t like that then that’s their problem, not his.