One Vote, Big Fallout: Meta’s Settlement Highlights Governance Gaps
Fortune contributor Andrew Behar argues that Meta’s up-to-$17.1 billion settlement over harms to children is overshadowed by its governance flaw: Mark Zuckerberg’s outsized voting power under a dual-class structure allowed him to override independent shareholders. He contends the deal underestimates damages, could entrench incumbents, and advocates removing dual-class shares and boosting oversight to better protect shareholders and the public.