Michael Hiltzik: Mark Zuckerberg shows why giving company founders total control can be disastrous
Back at the time of Facebook's initial public offering in 2012, I advised its new stockholders:
"Congratulations. You're now married to Mark Zuckerberg." Since he would be one of the most deeply entrenched chief executives in American business thanks to a two-class stock structure that guaranteed him voting control over the company, I wrote, "You better hope he does everything right, because if he doesn't, he'll be harder to get rid of than tuberculosis."
What Facebook holders may be witnessing just now is the first cough heralding the onset of the malady our forebears called "consumption."
Zuckerberg, along with Facebook's media-star chief operating officer, Sheryl Sandberg, have been dodging brickbats
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