According to documents viewed by the WSJ, a negotiation team made up of three members of the board began preparing a contingency plan in early September, to use in the event that Zuckerberg refused to back down from his compensation demands. That standby plan reportedly included “resignation from the board” by the negotiation team as a last resort.
Conceptually the CEO has to answer to the board, and the board acts in the interest of the shareholders.
Somehow the board’s major card to play here is that of negotiations fail then members of the board will resign. How that applies any pressure or leverage against Zuckerberg remains unclear.
Acquiesce to my demands or I will leave quietly and stop bugging you.
I do not get the skepticism? I 100% trust Zuckerberg that this will be about as profitable as the metaverse. 🤣 🤡 💸
“I think it’s the right strategy to aggressively front-load building capacity so that way we’re prepared for the most optimistic cases,” Zuckerberg told stockholders in 2025.
And what if the results aren’t optimistic? Do these people forget there are still some things in the world they can’t will into existence?
The real reason is because the data centers aren’t for AI. They’re for taking up all the components so you can’t compute independently anymore and you need to run “apps” from the ”cloud” so they can “monitor” your “behavior” for “tailored ads” and “terrorist threats” and cut you off completely if you ever retroactively violated their updated EULA that covers all the people they don’t like.
They are stealing computing from us and the business world is letting it happen in the name of cost savings.
I swear to god before I die I will see capitalism driven into the mud to drown
Part of cyberpunk is that the gilded corporations in the sky have white labs and clean computers, but the other part is that street people find their own uses for the leftover hunks of technology considered to be not pretty enough for sale.
In less convoluted terms, nobody fucking needs cloud computing. We used to write software on things that were half as powerful just a decade ago, and software capabilities have stagnated even as computing power has increased because the focus is more on stupid corporate bullshit than…you know? actually solving problems?
The phone you have in your pocket (or even posted this post on) is likely more powerful than anything that was even available 10 or 15 years ago. The joke computers that they’ll sell you right now for $200 with an adware-ridden crap OS like Chromebooks are capable of running and even building better software than anything that was available during the first software boom in the late 90s (they just might need a good wiping first).
I am much more interested in the part of cyberpunk we haven’t seen much of…where people take down Flock cameras and make them into free wifi repeaters or other types of servers and hobbyists take over again. Corporate software sucks nuts.
Agreed we’re missing the punk part
he also got the company to pay for his billionaire tax if it passes
He’s got to be costing more then he’s worth, and at this point he probably has a smaller minority of stock so idk why they keep him around
A.) Meta’s issuing new shares for this, so it’s shareholders, not the company, that are going to pay his tax bill.
B.) The deal is issuing non-voting shares so he still holds the majority of shares that matter after this.
