Facebook Abandons Plans to Change Share Structure, Avoiding Lawsuit

Facebook CEO Mark Zuckerberg, pictured here at the Allen & Company Sun Valley Conference on July 14, said a recent rise in Facebook’s stock price allows him to retain control for at least 20 years with the current two-class share structure

.. The share restructuring was aimed at ensuring Mr. Zuckerberg’s continued control of Facebook even as he planned to give away 99% of his family’s wealth over his lifetime.

 .. The reversal fits an increasingly common pattern for Facebook, which has repeatedly had to alter its position in the wake of public criticism over how it manages its powerful global platform.On Thursday, Mr. Zuckerberg said Facebook would provide congressional investigators with details of 3,000 ads bought by Russians during the U.S. presidential election, responding to pressure from lawmakers and others that it wasn’t forthcoming enough about how foreign entities used its platform to influence political discourse during the election.

.. That came after Facebook Chief Operating Officer Sheryl Sandberg this week said the company is adding more human reviewers to oversee its ad-targeting system after a report showed it was possible for advertisers to target ads to users interested in anti-Semitic and other hateful topics.

 .. Mr. Zuckerberg, whose fortune is estimated at $71 billion, said he doesn’t need the change in shareholding structure because Facebook’s stock has risen so much that he can fund his for-profit philanthropic organization, the Chan Zuckerberg Initiative, for at least 20 years by selling his existing stock without losing control.
Facebook shares have risen more than 50% since April 2016, when the plan was first announced.

.. Mr. Zuckerberg holds about 59.7% of the voting control of Facebook because he controls 86% of the company’s Class B shares, which have 10 times the voting power of Class A shares. Every Class B share he sells is automatically converted to a Class A share, which gets just one vote.

.. longtime Facebook director Marc Andreessen, who served on a special committee created to discuss the new share structure, was privately coaching Mr. Zuckerberg by text message on how to win over the other two directors on the committee, according to text messages disclosed in court documents last year.

In one instance, Mr. Andreessen texted Mr. Zuckerberg during a March meeting of the special committee with progress reports. “NOW WE’RE COOKING WITH GAS,” Mr. Andreessen wrote.

Richard Rohr Meditation: Taking Jesus Seriously

We are all “cafeteria Christians.” All of us have evaded some major parts of the Sermon on the Mount (Matthew 5-7): the Beatitudes, Jesus’ warning about idolizing “mammon,” his clear directive and example of nonviolence, and his command to love our enemies being the most obvious.

In fact, I have gone so far as to say, if Jesus never talked about it once, the churches will tend to be preoccupied with it (abortion, birth control, and homosexuality are current examples), and if Jesus made an unequivocal statement about it (for example, the rich, the camel, and the eye of a needle), we tend to quietly shelve it and forget it. This is not even hard to prove.

.. At least one reason for our failure to understand Jesus’ clear teaching on nonviolence lies in the fact that the Gospel has primarily been expounded by a small elite group of educated European and North American men. The bias of white male theologians is typically power and control. From this perspective nonviolence and love of enemies makes no sense.

Because most of the church has refused to take Jesus’ teaching and example seriously, now much of the world refuses to take Christians seriously. “Your Christianity is all in the head,” they say. “You Christians love to talk of a new life, but the record shows that you are afraid to live in a new way—a way that is responsible, caring, and nonviolent. Even your ‘pro-life movement’ is much more pro-birth than pro-life.”

.. Marginalized and oppressed groups have a wealth of insights to offer us in reading the Gospel.

The Boys of Brexit: Tony Blair and Nigel Farage

The veteran pols on either
side of the vituperative,
vertiginous Brexit debate spar.

Nigel Farage, the Brexit ringleader, has blamed Blair, in part, for throwing open the borders to “rub our noses in diversity.”

.. Did Blair ever think he would see a time when the royal family would keep calm and carry on as the queen’s grandson moved toward marrying an American TV actress who is divorced and half black?

.. Blair has plunged back into the fray as a leading advocate for overturning Brexit.

..  “The idea that the handful of right-wing media proprietors here are some ordinary Joes from the street, I mean, it’s ridiculous. There are elites on both sides.”

.. I’ve always thought Blair was one of a handful of people who could have stopped the Iraq war, and I was fierce in my criticisms of him.

.. Even though he stiffened, I asked why he helped W. switch 9/11 villains from Osama bin Laden to Saddam Hussein.

“What I would say is that our anxiety, particularly straight after 9/11, was that you would end up in a situation where these unstable dictatorships, you know, which combined with terrorism to cause mass destruction,” he said. “One of the things I’ve learned about this issue is that there’s no point in me trying to relitigate it with people.”

.. Blair knows Jared Kushner — he has not met Trump — so I asked what he thought of the son-in-law’s epic task of making Middle East peace.

“The fact that someone’s not got a long institutional experience of these issues isn’t necessarily a disadvantage,” Blair said.

.. But Blair said he has struggled to understand the forces that led to Brexit and Donald Trump: “Making sense of it is very hard. I feel like a student of politics again.” Odd, he added, since “I spent most of my political life in a state of reasonable certainty.”

.. The central question, he said, is whether politicians can change the status quo enough to steer people through this period when they feel they’ve lost control.

“I don’t think you can adopt a politics that essentially says that those grievances are unjustified or irrelevant,” he explained, “or say, ‘I’m just going to focus on something else because that’s really more important than your grievance.’”

He could have been describing What Happened with Hillary’s campaign, when she and President Barack Obama sniffed at the rise of Trump and Bernie Sanders

The anger that buoyed Trump, he said, “is not unjustified. You can’t sit there and essentially blame the people.”

That approach can lead to the rise of strongmen, or what he called “the Putinist model.” “The strongman form of government says, ‘I’m just going to bust through the systems not delivering for you and I’m going to deliver,’” he said. “It’s got an appeal.” He concluded: “I think the threat to what I would call traditional democracy is bigger than we think.”

.. He now believes that Brexit can never be undone “unless we have an immigration policy that makes sense of the fact that people do worry about pressure on services and wages that can come from large accumulations of migrant labor and frankly, anxieties people have about whether there’s a cultural divide from migrants, particularly if they come from a majority of Muslim countries.

.. The Daily Express lead editorial, headlined “Tony Blair Is the Reason That We Are Leaving the EU,”

.. But even those who like Trump, he said, wonder “why he’s picking a battle on so many fronts simultaneously” — especially with his own party. You know you’re in trouble when Nigel Farage thinks you’re picking too many battles.

.. “The hard left has made my life a complete misery over the last four or five years,” Farage said. “I’ve had to live with 24/7 security. I’ve had threats, physical assaults against me, my family. And this is all from people who are in organizations that profess themselves to be about love and hope and optimism, all right?”

The Wrong Way to Speak to Children

Parents often use phrases like ‘Good job!’ and ‘Say thank you’ when they talk to their children. But what do those phrases really mean?

The problem is that at its core, this way of speaking is all about control. We use it to tell our kids what we want them to say (“Say sorry!”); how we want them to feel (“You’re OK!”); what we want them to do (“Behave yourself!”); and what will happen if they don’t (“Do you want a timeout?”).

 In other words, parentspeak is about compliance—and that often keeps us from understanding the feelings, motivations, thoughts and behavior of our children. Rather than teaching them to communicate and problem solve, we are essentially teaching them to obey.