“Facebook’s dual-class share structure is akin to a dictatorship”: Calstrs portfolio manager in the FT

Aeisha Mastagni: “Who is it that holds Mr Zuckerberg to account?” One share should equal one vote. “Facebook, it is time to act like an adult.”

All shareholders should surely take this point. Surely we have enough evidence that all is not well in the Facebook to conclude that it was a big mistake to cede corporate governance in the way so many investors did.

Image: from the FT article, unaccredited

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