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Zapping out Zuckerberg may be mission impossible
- Thursday | 18th April, 2019
An attempt is being made to remove Mark Zuckerberg as chairman that is almost certain to fail because unless Zuckerberg votes for the motion himself, it will fail. Mark Zuckerberg owns over 75% of the B shares meaning that he alone controls at least 51% of all votes cast. Consequently, A shareholders are stuck with Zuckerberg until he himself decides to go and there is nothing that they can do about it. The move is in the strongest signal yet that companies with uneven share voting structures should attract a discount to their valuation. The B shares which make up 18% of the economic interest in the company control 68% of the vote.
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