Hacker News Reader

Also, it's no secret that Zuckerberg has preferred stock, and anyone deciding to invest in FB goes in with their eyes open knowing that they will have no say in how the company is run.

It is indeed really difficult to sympathise with the shareholders.

View on HN

Agreed, and if you don't like how the company is being run - sell your stock.

Generally speaking, this idea we have these days that activist shareholders can come in and dictate how a company is run is insane.

Second this motion. These shareholders are not family holding shares in a family business. If they’re not voting by selling their stock then can we really say they’re fed up?

It's not insane, and it's not a new idea. That's always been a right you have as a shareholder in a public company.

And you don't vote by selling your stock, you vote via proxy ballots. Which too many individual investors don't do.

Yes, you get a vote which is a simple yes/no on whatever is brought to a vote - but you don't get to say what is voted on.

Reply on news.ycombinator.com