Answer the questions:
- When Facebook went public, its disclosure document said:
- As a board member and officer, Mr. Zuckerberg owes a fiduciary duty to our stockholders and must act in good faith in a manner he reasonably believes to be in the best interests of our stockholders. As a stockholder, even a controlling stockholder, Mr. Zuckerberg is entitled to vote his shares in his own interests, which may not always be in the interests of our stockholders.
- Should corporate laws permit Zuckerberg to control the company without imposing a duty to act in the best interests of the other shareholders?
Categories: