Sunday 14 April 2019

Facebook investors desperate to boot Mark Zuckerberg from chairmanship

Facebook investors desperate to boot Mark Zuckerberg from chairmanship

The call to oust Mark Zuckerberg is coming from inside the house. A group of investors have teamed up in an effort to replace the Facebook CEO and board chairman with an independent voice. The plan, put forth in an April 12 SEC filing, doesn't mince words in its critique of the 34-year-old fan of smoked meats. "[Zuckerberg's] dual-class shareholdings give him approximately 60% of Facebook's voting shares, leaving the board, even with a lead independent director...
Read more: https://mashable.com/article/facebook-investors-attempt-oust-zuckerberg/?europe=true?source=Snapzu

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