Facebook’s Dual-Class Share Structure Locks Activists Out

An increasing amount of attention is being paid to Facebook’s dual-class share structure, which now puts complete control in the hands of management. The most recent proxy season highlights the impact of this structure as data collected by the Manhattan Institute reveals that not a single one of the proposals brought by activists was passed. Q2 hedge fund letters, conference, scoops etc Facebook management with complete control In order for any proposal to pass at Facebook, management must approve it because CEO Mark Zuckerberg and other insiders hold 58% of the voting control. The proposals brought to the May 30…