Article 24JMX Facebook court filings hint at possible political future for Mark Zuckerberg

Facebook court filings hint at possible political future for Mark Zuckerberg

by
Alan Yuhas
from on (#24JMX)
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Lawsuit over extent of CEO's control of company shows board voted to give him two-year leave if he serves 'in a government position or office'

Mark Zuckerberg may intend to pursue government service while retaining control of Facebook, according to recently unsealed court filings in a case pitting the CEO against minority investors.

The class-action lawsuit was first filed in late April, after Zuckerberg proposed a corporate shake-up that would dilute the voting power of shareholders - giving him "eternal control" of the company, in the words of the shareholders' lawyers. Text messages excerpted in the court documents reveal that Zuckerberg and two board members discussed the CEO's possible government service, and argued about how to present it to shareholders.

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