> What “does his majority control over Facebook” have to do with the accusations about Facebook’s behavior? Would the behavior be ok if it were majority controlled by mutual funds?
It has to do with the fact that if you control something, you are directly responsible for it. By having sole control of FB, MZ is completely responsible for it, for better or worse.
It also means if the board was comprised by a diverse set of people (which it is) they could oust him if they wanted (they can't). The public could put pressure on those people much easier than putting sole pressure on him.
It has to do with the fact that if you control something, you are directly responsible for it. By having sole control of FB, MZ is completely responsible for it, for better or worse.