Shareholder Super Voting Construction and the Challenges It Poses

Companies like Facebook and WeWork have faced issues with shareholder super voting constructions where certain shareholders, like Mark Zuckerberg, hold more voting power than their ownership percentage. This imbalance can lead to situations where one individual can veto important decisions, affecting the company's governance. Such super voting constructions are increasingly common in Silicon Valley, raising concerns about accountability and corporate governance. However, the roots of this issue lie in corporate lobbying, making it a complex problem that may not be easily solved through political intervention. The narrative suggests that entrepreneurs and civil society need to take the lead in addressing these challenges, as political solutions may not be reliable based on recent trends.