Breitbart Tech: Facebook’s shareholders have reportedly drawn up a proposal to remove Mark Zuckerberg as the company’s chairman.
Trillium Asset Management, a group that controls approximately $11 million worth of Facebook stock, has drawn up a new proposal to remove Mark Zuckerberg as chairman of the social media company that he founded. The proposal was filed hours before Facebook’s recent brutal earnings report on Wednesday which saw Facebook’s stock price drop by as much as 24 percent. This devalued Facebook by approximately $148 billion.
If approved by other investors and Facebook management, the proposal would see Zuckerberg removed as chairman of the company with an independent party taking over the position, but Zuckerberg would still remain CEO of the company. The proposal states:
A CEO who also serves as chair can exert excessive influence on the board and its agenda, weakening the board’s oversight of management.
Separating the chair and CEO positions reduces this conflict, and an independent chair provides the clearest separation of power between the CEO and the rest of the board.
One of the reasons cited for the proposal was Facebook’s “mishandling” of scandals, with the proposal citing the 2016 presidential election, Cambridge Analytica, and the situation in Myanmar in which Facebook has been accused of allowing the promotion of “hate speech” within the country. more
See also:
Facebook CEO Mark Zuckerberg Loses $17 Billion as Shares Plummet.
This is just lip service to stop the immediate bleeding of fleeing investors. And the independent party that will take over is going to somehow have a different mindset?! Please. This is pure liberalism – they can’t win in the arena of ideas so they censure and eliminate opposition.
Bit smacking the Bit who smacks those that he disagrees with. I love it.
HTF do you lose 17 billion? Even Hillary only lost 5 or 7 from the state dept.
Just like al-quaeda changing their name to isis – it’s still the same old terrorists, just a different name.
It’s hilarious to me that the drop is on an increase in users and profit – just not as much as was expected.
Was at an investment committee meeting last night with our Merrill Lynch advisor, his comment was that the premium stocks like these are incredibly overvalued because of their popularity which makes them subject to swings like this. The business is solid, just not the ephemeral stock price.
Chairs and the Sound of Music
‘Political Musical Chairs’ search results
About 10,400,000 results
Won’t be happy until he loses it all.
Anonymous … Spot On.
I Hope He Dies Penniless ….
Yikes. How will he ever afford to buy 100 identical gray t-shirts? Aside from his ginormous ego, anyone think he’s gives a…?
Im hoping that crazy lunatic mozlem broad that shot up Youtube left an instructional video for some of her whacko followers and they hit Dickbook, Twatter, Google, and even Shmucktube a second time would be nice.
MJA – HTF do you lose 17 billion?
When it wuzn’t worth 17 billion in the first place!