Facebook Founder and CEO Mark Zuckerberg Maintains a Majority of Voting

question 79

True/False

Facebook founder and CEO Mark Zuckerberg maintains a majority of voting rights in the public company, virtually guaranteeing that his control of the firm continues, regardless of what investors say.

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Definitions:

Preferred Stock

Preferred stockholders received dividends before common stockholders.

Common Stock

A type of stock where the stockholders receive dividends only when the board of directors elects to issue dividends.

Dividends Totaling

The sum of dividend payments received by shareholders within a specific period.

Net Proceeds

The total amount of money received from a sale or transaction, after all expenses and costs have been subtracted.