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Governing: Who's the Boss?

Governing: Who's the Boss?

"At that time, Facebook also formed a board of directors who were elected by the common stockholders. For protection's sake, Peter had, and still has, a contractually obligated board seat as part of his investment, as long as he owns 10% or more of the company. It is fully diluted and fully converted, unless he wants to resign or is convicted of financial fraud, but not if he kills someone. Financial regulatory laws are very uptight about thieves...not so much about murderers.

"The common...

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