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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 pm90 on Tuesday June 04, 2019 @10:53AM (#20095586)
It’s both.

You can take financial resources of the public or you can have veto power. If you have both, you’re not a “Public Company” anymore and your stocks should be immediately delisted from public markets.

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Re:Powerless investors vote overwhelmingly to oust Mark Zuck... by bilbo0s on Tuesday June 04, 2019 @11:15AM (#20095790)
To do that, you would need to change the law first, and then go after FB.

Given the fact that what happens appears to be us going after tech firms under current law, I wouldn't hold out much hope for needed changes in the legal environment. For some reason, (money), people just don't want to do that.

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