Facebook has shown a long-term plan that will be implemented after Marl Zuckerberg as CEO and more.
The company has proposed to all shareholders vote on a proposal to implement rights holdings of Mark. The proposal raised to the election, down condition that if Mark resign or be terminated by reason one of his Class B shares will be converted to Class A.
The conversion will make a single sound for a company instead received 10 votes company.Conditions created to curb children's CEO, the holding company through the right to own class B shares.
Currently, Mark holders of Class B shares 419 million Class A shares and 4 million shares, making him sound votes equal to 53.8% of the total shares. Not only he is a holder of Class B shares of the co-founder Dustin Moskovitz, which increases the percentage volume of 60%.
Facebook believes that seek to replace chief executive Mark Zuckerberg may be difficult if he still owns Class B shares leave office.
Another reason of the change is to encourage Mark at its helm.
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