Surprise Me!

How can Mark Zuckerberg give away Facebook shares and still hold power?

2016-06-21 0 Dailymotion

Mark Zuckerberg on Monday approved a savvy restructuring of Facebook stock that will allow him to give away his fortune to charity without losing his majority ownership of the social network.<br />Zuckerberg used his 54 percent voting power over Facebook to approve "Proposal 7," a Wall Street measure that will create and distribute new shares of non-voting Facebook stock to all shareholders.<br />This maneuver will allow individuals who hold Facebook's all-powerful B Class voting shares, most specifically Zuckerberg, to sell of portions of their social networking fortune without diluting their influence over the company.

Buy Now on CodeCanyon