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---- Facebook To Propose Change Of Governance Structure, Removing User Voting On Changes


DirigoDev - 1:47 pm on Nov 25, 2012 (gmt 0)


They're a public company and maximization of shareholder value should reign. Serving all stakeholders (customers, employees, vendors, etc.) well, serves shareholders (I’m one of those shareholders).

Adam Smith won. Social ownership of the means of production and co-operative management of the economy has always failed. That said, Richard Stallman’s movement has produced some winners in the software space – but this is still a young concept.

Mr. Z and his team should do what they want. If they blow it, some other social network firm will rise-up and take their space. And Mr. Z will lose billions. Mob rule never produces the very best. It dumbs-down the process and stifles innovation.


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