Facebook Investors Back Return of Board, New Non-Voting Shares
Why Zuckerberg Issued a New Class of Facebook Shares
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Facebook Inc. shareholders re-elected all eight members of the social network’s board, including Peter Thiel, the investor backing a controversial lawsuit against Gawker Inc.
At the company’s annual shareholders meeting on Monday, investors also approved the creation of non-voting shares that would allow co-founder Mark Zuckerberg to sell or give away much of his Facebook stock while retaining control of the company.