[georgeecollins]

Not many public companies are structured like this, and for a while it was a requirement of some exchanges that one share be one vote. I know that people on Hacker News (high concentration of founders) like the idea of a public listing without one share one vote, but I think it is better for companies in the long run to have their board seats elected by the shareholders. It may seem good now to have Mark Zuckerberg to have total control of FB, but will it seem like a good idea for his children to have more control than the actual owners? This is the kind of trouble companies like Viacom have gotten into by giving their founders too much control.