Re:Powerless investors vote overwhelmingly to oust Mark Zuck...
by JumpCrisscross on Tuesday June 04, 2019 @11:01AM
(#20095668)
> There is no obligation to give up power just because others demand it
Kalanick also had a voting supermajority. Granted, Uber was unprofitable while Facebook is anything but.
But if the fines and investigations and antitrust actions steam along, and shareholder lawsuits pile up, Zuckerberg’s position of strength could change.
TL; DR This was a showboat vote. Not only did it have zero chance of passing, it’s also not binding. But few leaders survive a consistently-antagonistic independent minority.
Kalanick also had a voting supermajority. Granted, Uber was unprofitable while Facebook is anything but.
But if the fines and investigations and antitrust actions steam along, and shareholder lawsuits pile up, Zuckerberg’s position of strength could change.
TL; DR This was a showboat vote. Not only did it have zero chance of passing, it’s also not binding. But few leaders survive a consistently-antagonistic independent minority.