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September 22, 2017 08:43 pm GMT
Mark Zuckerberg has gotten so rich that he can fund his philanthropic foundation and retain voting control without Facebook having to issue a proposed non-voting class of stock that faced shareholder resistance. Today Facebook announced that it’s withdrawn its plan to issue Class C no-vote stock and has resolved the shareholder lawsuit seeking to block the corporate governance… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/V4IdMCghckw/
Facebook drops no-vote stock plan, Zuck will sell shares to fund philanthropy
Mark Zuckerberg has gotten so rich that he can fund his philanthropic foundation and retain voting control without Facebook having to issue a proposed non-voting class of stock that faced shareholder resistance. Today Facebook announced that it’s withdrawn its plan to issue Class C no-vote stock and has resolved the shareholder lawsuit seeking to block the corporate governance… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/V4IdMCghckw/
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