http://www.chicagotribune.com/busine...,3984572.story
". . . founder and Chief Executive
Mark Zuckerberg will control about 57 percent of the company's voting shares after the IPO, according to its filing with the U.S. Securities and Exchange Commission.
Facebook also set up a series of defenses against proxy battles and unwanted takeover attempts.
“This is a governance profile with a defense against everything expect hubris,” the ISS report said.
ISS argued that establishing a dual-class structure early on, in which Zuckerberg owns shares with 10 votes each, divides “ownership interests into potentially opposing groups,” that could result in proxy fights down the line.
Facebook's governance is among the many facets of the company to land in the public spotlight, as it prepares to raise $5 billion in an IPO that could value the company between
$75 billion and $100 billion."
Seen the movie? Maybe not all that fictional.
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