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Mark Zuckerberg Votes To Keep Peter Thiel On Facebook Board (gizmodo.com)
Mark Zuckerberg has decided to keep billionaire VC Peter Thiel on Facebook's board of directors. The decision comes after weeks of controversy over whether it was appropriate for billionaire Thiel, who recently admitted to secretly funding a campaign of third-party lawsuits to bankrupt Gawker Media (more relevant but paywalled link, to remain on the board of a company that now plays such a powerful role in publishing. From a Gizmodo report: At Facebook's annual shareholders meeting today, every board member was up for re-election. The decision was made by shareholder vote, but ultimately fell to Zuckerberg, who controls more than 60 percent of the total voting power on the Facebook board.
Am I the only one who thinks it's wrong to scrutinize what people do during their own time, and then use that information to decide how they are to be treated on company time?
If your private action makes the corporation look bad, you can generally be fired from your job. A good reason to keep your personal and professional lives as separate as possible.
When one person controls most of the shares, being self serving IS serving the shareholders. At least the one that matters.
Of course, this means people with non-voting shares or minority stakes had better be on board with whatever the person in charge wants to do.
I'm a good cook. I'm a fantastic eater. - Steven Brust
FYI, he did come out as the financier for that lawsuit, which did bankrupt Gawker. Whether or not that was his specific intention, I couldn't say, but he did have an ax to grind and subsequently bury in Gawker. Non-gawker related source below:
http://www.npr.org/2016/05/26/...
I completely agree that showing Hogan's naked ass for 6 entire seconds is definitely worth $140 million dollars... *cough*... and it's not at all that the reduction in Hogan's "brand" was due to his virulent racism and not about 6 seconds of crappy video of his naked ass.
Hey guess who it was was who claimed that Hogan was racist, and have also never proved it?
Oh shit, is it Gawker who he sued and won? Why yes, it is!
https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.foxnews.com/entertainment/2016/03/09/gawker-editor-draws-line-sex-tape-4-year-old.html&ved=0ahUKEwjyo_fS-LfNAhUGVT4KHWVvCLIQFggjMAI&usg=AFQjCNE6psNBFT0TSjwpWO1Q2avSYtTrSg&sig2=MN6nSboQ-G27gpldBmEkzg