Comment by calimariae 4 days ago
You might manage the same if you’re rich enough to hire top-tier advisors. Let’s not kid ourselves—OG Facebook wasn’t a tech marvel or even particularly original. It just landed in the right place at the right time and snowballed from there.
"In fact that’s what the board of directors did - they used their money to hire Zuck to run their company."
doesn't he still have voting control of the stock?
You’re right - but the example stands. The CEO is a professional advisor hired to make the rich people money.
This makes no sense in Zuckerberg's case: he was never hired by the board and they've never had a chance to fire him. Investors can sell the stock if they don't like what he does, but that is not a "professional advisor" relationship.
It's mostly a cult of personality relationship, and you're deep in it with your belief that Zuckerberg is an unusually capable operator.
I know too many rich people to know this isn’t true.
> hire top-tier advisors
The circle of top-tier leaders who know how to manage giant tech companies is a tiny circle with Zuck being one of them.
In fact that’s what the board of directors did - they used their money to hire Zuck to run their company.