Powerless investors vote overwhelmingly to oust Mark Zuckerberg as chairman

Re:Powerless investors vote overwhelmingly to oust Mark Zuck... by skinnymuch on Tuesday June 04, 2019 @12:19PM (#20096469)

The stock price would likely tank. Besides being ousted. That’s another reason not to do certain things. Making Zuckerberg into some boogeyman seems over the top.

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Re:Powerless investors vote overwhelmingly to oust Mark Zuck... by sireat on Tuesday June 04, 2019 @02:15PM (#20097707)

Pray do tell how would you oust MZ legally?

He owns less than 50% of the company but he controls more than 50% of the voting shares.

Let's say FB starts losing money or spending it on really useless stuff, sure the secondary stock price could tank, but that might not matter to MZ at some point.

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Re:Powerless investors vote overwhelmingly to oust Mark Zuck... by skinnymuch on Wednesday June 05, 2019 @08:25AM (#20103655)

I was responding about how the only concern for a CEO is being ousted. I was giving another reason to potentially not do certain things.

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