He can, of course, do what he wants, because the company is truly a Mark Zuckerberg production, and because he has always had what Silicon Valley founders crave: founder control of his company.
Facebook FB, -0.74% has suffered seemingly endless controversies, including the most recent, hosting a live stream of mass shootings in two mosques in New Zealand.
The massacres happened two days after a massive outage and a day after a top executive left amid reported unhappiness with Zuckerbergs new direction, outlined in a manifesto that was long on words while being short on detail. It appears Zuckerberg has dug himself into a foxhole, where he is following his inner instincts and intuition for the company he started up with his roommates at Harvard 15 years ago.
Investors who may be unhappy with the continued chaos know their hands are tied even if they dont agree with how Zuckerberg is ruling over his kingdom.
The New York Times reported late last year that Zuckerberg and Sandberg ignored repeated warning signs of some of the many problems that have bedeviled Facebook.
In January, CNBC reported on the companys cult-like culture and how the fear among some employees to give honest feedback may have contributed to the scandals that have enveloped the company.
They can try to send messages to management and the board, through things like shareholder resolutions, but the founder/controlling shareholder always has the final say. Original article