Deloitte reported for conduct over MG Rover and the Phoenix Four

Deloitte and former Deloitte partner to be investigated by the AADB for conflicts of interest and self-interest

Facebook’s S-1 filing

“Our culture emphasizes rapid innovation and prioritizes user engagement over short-term financial results.”

Facebook’s S-1 Registration Statement is here.

• Mark Zuckerberg controls 28.2 of total voting power directly and a further 30.6% through irrevocable proxies, giving him 57.1% of total voting power (see page 127).
• In 2011, Zynga accounted for approximately 12% of Facebook’s revenue (see page 18).
• Facebook has a dual stock structure, with each Class B share having 10 votes and each Class A share having one vote (page 130). Mark Zuckerberg doesn’t hold any Class A shares.
• There are only two specific matters mentioned in “Legal proceedings” (page 93). One is a claim by Paul D. Ceglia that he has a “purported contract” with Mark Zuckerberg giving him “substantial ownership of the company”. The other is the Securities and Exchange Commission’s inquiry into secondary transactions involving the sale of private company securities as well as the number of Facebook’s stockholders of record.

Friendly Corporate PSL

To subscribe for our free weekly update e-mail, click here.