Mark Zuckerberg, Facebook board are in hot water with shareholders – Fortune

f you own even just one share in Facebook FB 3.63% , a Delaware court judge wants you to know you have rights. In an opinion published on Thursday, Delaware Chancellor Andre G. Bouchard ruled that the social network’s minority shareholders are entitled to their day in court over the salaries that Facebook’s directors received.

Facebook CEO Mark Zuckerberg and the rest of the company’s board are being sued because a shareholder thinks the pay the directors were awarded in 2013 was too high. Board members decide their own pay, but in this case, the dispute is over whether it was excessive and whether the board acted in shareholders’ interests.

via Mark Zuckerberg, Facebook board are in hot water with shareholders – Fortune.

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