The board is the only group that can hold executives accountable. May they should bring in someone that has experience running companies that do the right thing, for the long-term best interest of the shareholders.
They don't need any more of this get big at all costs, move fast and break things and money can make things go away - nonsense.
How does the board hold Zuckerberg or anyone loyal to him accountable when he controls >50% of shares? Zuckerberg and his lieutenants can do almost anything they wants as long as he doesn’t tank the stock price or bring about a pile on of investor lawsuits.
There are legal protections for minority shareholders and boards of directors. Owning > 50% of the stock buys you lots of control, but not total control. Boards do remove CEOs all the time.
The same ones that they either hired or executed a coup on.
The majority shareholder has a good chance of remaining as CEO if he is proactive enough and stacks the board in his favor over time. It’s a chess game.
They don't need any more of this get big at all costs, move fast and break things and money can make things go away - nonsense.