Friday June 03, 2016

Facebook Changing Its Leadership Rules

Am I the only one that thinks this is kinda weird? I mean, I guess it is a good idea to make sure Zuckerberg has no control over the company if he leaves but it just seems strange that they are doing this now. Is he terminally ill? Is he planning to leave?

Facebook cofounder and CEO Mark Zuckerberg has a tight grip on the company, thanks to special shares he owns that give him majority voting control. But even absolute power doesn't last forever. And Facebook is changing its rules so that if Zuckerberg ever leaves the company, his control of it will vanish into thin air.