> 5) Mark Zuckerberg can't be removed from the CEO position, and probably holds more than 20% of the company
Really? I've never heard this. Is there a condition in the companies charter that forbids it?
Usually all you need is a majority of the board to vote the CEO out and since he only has one vote and there are more than 2 people on the facebook board it seems like he could be voted out.
Really? I've never heard this. Is there a condition in the companies charter that forbids it?
Usually all you need is a majority of the board to vote the CEO out and since he only has one vote and there are more than 2 people on the facebook board it seems like he could be voted out.