If Walmart Inc. wasn’t family-controlled or Lyft Inc. didn’t have a dual-class stock structure, shareholder resolutions calling on both companies to disclose more information about their lobbying activities would have passed this proxy season.
Similarly, four out of five shareholder proposals at Facebook Inc. FB received a majority of outside votes this year despite showing lower overall vote totals. And not counting Chief Executive Mark Zuckerberg’s 57.9% of voting power, the company’s own proposal about board directors’...
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September 17, 2021 at 06:03PM
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Investors want change, but founders like Mark Zuckerberg hold them off - MarketWatch
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