Well yes, because he owns more than 50% of the voting stock. That’s how ownership works. This isn’t “Facebook has a rule that says the ceo is replaced by his child”, it’s a matter of “Facebook ceo owns more than 50% of voting stock, and is leaving it to his family”. Feudal is: irrespective of ownership, control is hereditary. (Monarchies generally don’t own more than 50% of the assets in a country)
The alternative would be to prohibit leaving assets to your family in your will.
The alternative would be to prohibit leaving assets to your family in your will.