Why Facebook’s Share Plan Should Alarm Pensions and SWFs

Posted on 04/28/2016


Social networking giant Facebook is seeking to issue a new class of shares in a bid to permit its founder Mark Zuckerberg the ability to maintain greater control. Zuckerberg is keen on creating a new class of stock with no voting rights, a practice that many U.S. pensions frown upon. For example, the California Public […]