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.
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.