Gerber's move:
Why an outside holder cannot dislodge Mark Zuckerberg The 2012 IPO created Class A at one vote per share and Class B at ten; Zuckerberg owns 99.7% of Class B, turning about 13% economic ownership into around 61% of voting power; with no sunset the bloc decides every shareholder ballot, and an outside holder's two routes both dead-end at the 10:1 boundary. 1 · the 2012 IPO dual-class Class A 1 vote / share Class B 10 votes / share ×10 10:1 super-vote Zuckerberg's Class B bloc 99.7% of all Class B shares no sunset — permanent economics ~13% voting power ~61% decides every ballot every shareholder ballot board elections executive pay proposals passes or fails at his pleasure 5 · the holder's two routes outside holder Ross Gerber sell the stock price pressure only agitate · litigate publicity, not votes 6 · the 10:1 boundary the 10:1 classification boundary makes any vote of no confidence structurally impossible