As per MSNBC Money, a few weeks ago, after Facebook revealed that tens of millions of its users’ accounts had been exposed in a security breach, people began asking around the tech industry a simple question: Should Mark Zuckerberg still be running Facebook?

I’ll spare you the suspense. Just about everyone thought Mr. Zuckerberg was still the right man for the job, if not the only man for the job.

This included people who currently work at Facebook, people who used to work at Facebook, financial analysts, venture capitalists, tech-skeptic activists, ardent critics of the company and its giddiest supporters.

Even critics were not that excited about the idea of Mr. Zuckerberg’s removal.

Barry Lynn, executive director of the Open Markets Institute, an organization that fights monopoly power, argued that Facebook’s problems grew out of its business model and the legal and regulatory vacuum in which it has operated — not the man who runs it.

 

 

 

Yet because of Facebook’s ownership structure — in which Mr. Zuckerberg’s shares have 10 times the voting power of ordinary shares — he is omnipotent there, answering basically to no one.
Big tech has turned founders into fixtures — when their companies are working well, they get all the credit, and when their companies are doing badly, they are the only heroes who can fix them.

 

 

 

What are your thoughts on this, do let me know in the comment box below. Plus, check out MSNBC Money for complete information!

 

 

 

 

 

 

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