Law360, New York (December 15, 2015, 12:24 PM EST) -- When Mark Zuckerberg recently announced that he was giving away up to 99 percent of his Facebook shares (valued at approximately $45 billion), he was severely criticized for it. Zuckerberg and his wife created the Chan Zuckerberg Initiative, a Delaware-based limited liability company dedicated to "advancing human potential and promoting equality." Zuckerberg's pledge to donate his Facebook shares to his charitable LLC has been characterized as an empty promise because, critics say, he could "take it back" at any time. These critics are not faulting Zuckerberg for his desire to "do good"; it is the manner by which he is attempting to accomplish this good deed that has raised eyebrows....
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