Facebook's unfriendly vibes

The entry of high profile internet companies like Facebook into the public markets has ticked off more than a few investors, many of whom argue they don't want to have to answer to the shareholders.

A new crop of companies entering the US public markets, including such high-profile offerings as Facebook, are turning the clock back on the way US corporations are run.

Facebook, Groupon Inc, LinkedIn Corp, Zynga Inc and others have put in place governance provisions that go against a long-term swing towards more shareholder-friendly rules.


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