OK, but who was the legal eagle or director who gave him the wrong form? I would expect that somebody besides Zuckerberg had a job to get it right, and probably should be on the hook for screwing up one way or another.
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Yes.I would imagine Z. just signs whatever the lawyers produce for him to sign after the meeting. I wonder what the outcome will be now? Doesn’t this ruling just give the lawyers the right to sue and they now have to prove the compensation was excessive?
The excessive compensation argument has already been dropped. There's no scenario under which a few hundred thousand dollars in compensation is going to end up being considered excessive for being a director of a $300 billion corporation. It simply will never happen.
"Espinoza had sued alleging breach of fiduciary duties, waste of corporate assets and unjust enrichment. Bouchard tossed Espinoza’s waste claim, saying he couldn’t prove the directors’ compensation was unjustified. He allowed the other two claims to proceed."
http://www.bloomberg.com/news/articles/2015-10-28/facebook-a...
I'm not sure if they gave him the wrong form. As long as they didn't get sued for paying their directors too much, there was nothing wrong with signing as a director. I guess that they just didn't considered the option of getting sued over that.
It wasn't a wrong form, it was right back then, If he signed as a shareholder it may spread a bad message too. It's only a better clickbait title of an article.