Re: Good practice
The Zuck is the founder, and creator of the business and the chairman of their board. It's still his company, he wasn't hired by the board, he made it.
When he's sold out 72% of the shares it's long since ceased to be his business, whether he founded it or not. It's precisely this sort of conflict, reinforced by the fundamentally corrupt use of different voting- and non-voting share classes to enable him to retain control, that makes it essential for shareholders as a whole to be represented by an independent chairman.
TL;DR version: you shouldn't expect to sell the company and continue to run it however you want.
Biting the hand that feeds IT
