Friday, September 22, 2017

Zuckerberg Drops Facebook New Share Class Proposal Aimed At Securing His Control

Facebook has withdrawn a proposal presented by its board of directors last year to create a new class of shares to ensure CEO Mark Zuckerberg retains voting control over his company even as he gives away 99% of his Facebook shares during his lifetime in a philanthropic pledge.

from Forbes Real Time https://www.forbes.com/sites/kathleenchaykowski/2017/09/22/zuckerberg-drops-facebook-new-share-class-proposal-aimed-at-securing-his-control/
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