“Mr Zuck” is more than just a manager. He owns around 20% of the economic shares of Meta and more than 50% of the voting rights.
So he is acting on behalf of the shareholders because he is also the most important shareholder.
So he is acting on behalf of the shareholders because he is also the most important shareholder.
Zuck can exercise all his power, but he can also enjoy a low stock price if he pisses off investors. Hence that power doesnt mean much.
That power means literally everything. Facebook is his company in every sense of the term and if investors don’t like that then that’s their problem, not his.