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"Facebook's (FB) float: a lesson in how to make $5B and not cede any control," tweets Katherine...
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Thursday, February 2, 2012, 7:25 AM ET"Facebook's (FB) float: a lesson in how to make $5B and not cede any control," tweets Katherine Rushton, who writes while Mark Zuckerberg owns a 28.4% stake, he will have 56.9% of the voting rights, giving him total control over board selections, mergers, divestiture of assets, and who will control the company in the event of his death.
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Theoretically, investors should also shun such companies, however sheeple seems to be the effective word for many investors and fund managers. It's understandable that fund managers don't care. After all they are free rolling on your money. The individual investor should certainly think twice before investing in such companies.