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Beyond investor routs and its massive downstream consequences.. The are legal ramifications. The board and Zuck as fiduciary responsibility to the majority of
by edwnj 4y ago
Beyond investor routs and its massive downstream consequences.. The are legal ramifications.
The board and Zuck as fiduciary responsibility to the majority of shareholders. There is a reason why ever board member gets directors insurance.
If Zuck doesn't do the right thing and continues to make irresponsible gambles, the shareholders can sue him.
This is also not theoretical either, there are already suits (unrelated): https://www.politico.com/news/2021/09/21/facebook-paid-billions-extra-to-the-ftc-to-spare-zuckerberg-in-data-suit-shareholders-allege-513456 https://www.politico.com/news/2021/09/21/facebook-paid-billi...
- astrange 4y agoYou can sue anyone for anything but company directors can more or less do anything they want. Are they winning?