Powerless investors vote overwhelmingly to oust Mark Zuckerberg as chairman
Flip this perspective.Zuckerberg has iron-clad control of FB.He could unilaterally decide that quarterly profits, hell, any profits, do not matter and there is nothing anyone could do.Keep that in mind when it's discussed that FB can't really do anything about the problems it has spawned because it is part of the financial system and governed by Wall Street.No, it is governed by Mark Zuckerberg and he can do whatever he wants. Every last dark pattern and shady thing they are pushing for with engagement, ultimately, he and he alone is is responsible for and condones.Every other CEO on the planet has the "but the quarterly earnings" boogeyman to fall back on as a scapegoat for their malfeasance. Zuckerberg, due to his shrewd engineering of stock classes, does not and we should do well to remember that.