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Zuckerberg Controlling 57% of Facebook Seen as Risk to Investors

Mark Zuckerberg’s majority control over Facebook Inc. puts too much power in the hands of one person and may deter potential investors in the company’s initial public offering, corporate-governance experts said.

The chief executive officer has 56.9 percent of voting power, the Menlo Park, California-based company said yesterday in its prospectus to investors. He also has the ability to designate a successor in the event he still controls the company at the time of his death, Facebook said in the filing.