Snap's decision to sell only non-voting shares in its IPO raises serious concerns about who will hold top execs accountable for human resources violations, said Vivek Wadhwa, an adjunct professor at Carnegie Mellon University and a director of research at Duke University, Tuesday's on "Power Lunch."
"We want to hold them accountable, yet they are hijacking the stock right from day one," said Wadhwa. "We want to be able to fire these people as soon as they trip up, which they will before you know it."
The skills required to run Snap as public company are very different to those required to build a cool app, he said. Snap CEO Evan Spiegel sent a series of embarrassing and sexist emails while a frat boy at Stanford, which were partly published by Gawker in 2014.