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sheepscreek 2 days ago

> Many shy back from thinking too hard about the riduculous wealth some accumulate

I disagree - the current levels of income disparity, then Meta and Zuckerberg’s general conduct along with the general sentiment make it extremely hard to say “attaboy” when reading a news like this. I might be saying this for most readers here.

salawat 2 days ago | parent [-]

There's a Board involved with deciding these things who has made the active decision that keeping those particular people in that place is worth it. Maybe the next "hot skill" is "corporate governance auditing" to start profiling the people that keep throwing passively invested funds at such small groups of people in such large amounts. Someone's making the decisions. Food for thought. Mayhaps it's time the rest of the folks in the States made a much bigger point of being on top of who is guiding their capital.

SR2Z 2 days ago | parent | next [-]

No, the Meta board is beholden to shareholders and must work in their interests.

Zuckerberg is kind of rare among tech founders in that he still controls 61% of the company. Therefore the board serves him.

None of this is a secret and this setup is why Facebook is what it is.

sheepscreek 20 hours ago | parent | prev [-]

Meta's board is a joke. Zuck controls majority votes, so the buck stops with Zuck. You can very much attribute Meta's direction squarely to him.