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A comment on Powerless investors vote overwhelmingly to oust Mark Zuckerberg as chairman. Parent comment

Re:Powerless investors vote overwhelmingly to oust Mark Zuck... by emilfihlman on Tuesday June 04, 2019 @10:02AM (#20095084)
Exactly this. If Zuckerberg had done something illegal with the voting power structure, SEC would have ousted him by now. Everyone knew what they were into when buying the stock and if not, the buyers had not done their due diligence, which is not Facebook's issue.
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Re:Powerless investors vote overwhelmingly to oust Mark Zuck... by JumpCrisscross on Tuesday June 04, 2019 @10:59AM (#20095647)
> If Zuckerberg had done something illegal with the voting power structure, SEC would have ousted him by now

Lots of securities laws, particularly those relating to corporate governance, rely on private enforcement. The lack of SEC action in no way clears Zuckerberg.

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