alt Hacker NewsThat's like a court ordering 10% of your home be put on the market in a way that never forces you to pay rent, when you're likely to live in it for the rest of your life.
The wealth you're talking about is almost entirely bound in owning and controlling facebook, bounces up and down a lot regardless of penalties, and it isn't a liquid asset becase he can't sell without giving up that control…
Except worse than that, because he could probably order the business to print more shares and give them to him do at any time because of his voting control. See e.g. Musk and his BS trillion dollar performance carrot at Tesla where the board is suspiciously arranged in his benefit, or Musk and his BS voting control structure with SpaceX. IIRC Meta's dividends are pathetic and Musk's nonexistent, so you're proposing an even smaller slap on the wrist than the penalty you deride.
> it isn't a liquid asset becase he can't sell without giving up that control…
And that doesn't matter. If Meta is forced to issue 10% more shares to the plaintiff the value of all shareholders' shares fall 10%. And if the plaintiff dumps all the shares on a single day, they fall even harder.
Zuckerberg's 57% control of a $1.6t company means a lot more than my 50% control of Triceratops Inc. Not because 57% > 50% but because $1.6t > undefined.
> he could probably order the business to print more shares and give them to him do at any time because of his voting control
Unlikely. Meta is still headquartered in Delaware and such an action would be subject to shareholder lawsuits. And again the stock price falls, so does Zuckerberg's net worth and also the RSU grants of all his employees. To retain them Meta has to spend more money - cash or further share dilution.
You either don't understand finance or are being deliberately obtuse.