Meet your new dictator, uh, CEO
Meet your new dictator, uh, CEO

Don't like how Facebook is run? Who cares? You don't have a vote. Facebook has two classes of stock. The ones the company is selling the public only get one vote each on matters such as who should be on the company's board of directors, executive pay packages and company bylaws. The ones Zuckerberg is keeping for himself and his early investors get 10 votes. The result: After the IPO, Zuckerberg will own 18% of the shares, but control 57% of the votes.



BY Stephen Gandel @FortuneMagazine - Last updated May 22 2012: 2:12 PM ET
Join the Conversation
Inside Facebook

How does the social media giant really work? Read this story before you buy the stock.

Most Popular
 
 
 
 
 

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.