Mark Zuckerberg bought Facebook shareholders’ votes for $100
Facebook co-founder and CEO Mark Zuckerberg has a 28.4 percent in his company but also controls 57.1 percent of the voting shares. He pulled this off by handing out $100 bills.
Facebook co-founder and CEO Mark Zuckerberg is one good negotiator. As I noted when Facebook filed for its $5 billion initial public offering (IPO) last week: the numbers show Zuckerberg has a 28.4 percent stake in the company, but that he also has voting control over at least 57.1 percent of Class B shares through a chain of agreements with other shareholders. It turns out Zuckerberg bought voting control shares for $100 apiece.
