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Follow us on FacebookFacebook investors want Mark Zuckerberg's head
@ 2018/10/19To hang in their garden for the crows to peck
Public fund investors want Mark Zuckerberg out as chairman of Facebook.
Major Facebook investors, including public pension funds and state officials, are pushing for Mark Zuckerberg's ouster as chairman of the company's board.
The proposal is largely symbolic, since Zuckerberg holds absolute control of the board. But Zuckerberg needs this sort of controversy like a hole in the head.
New York City Comptroller Scott Stringer said in a statement that Facebook's insular boardroom needed to make a serious commitment to addressing real reputational, regulatory risks and the risk to democracy.
Stringer joined a previous motion by Trillium Asset Management in calling for Zuckerberg to step down.
"An independent board chair is essential to moving Facebook forward from this mess, and to reestablish trust with Americans and investors alike", Stringer said.
Public fund investors want Mark Zuckerberg out as chairman of Facebook.
Major Facebook investors, including public pension funds and state officials, are pushing for Mark Zuckerberg's ouster as chairman of the company's board.
The proposal is largely symbolic, since Zuckerberg holds absolute control of the board. But Zuckerberg needs this sort of controversy like a hole in the head.
New York City Comptroller Scott Stringer said in a statement that Facebook's insular boardroom needed to make a serious commitment to addressing real reputational, regulatory risks and the risk to democracy.
Stringer joined a previous motion by Trillium Asset Management in calling for Zuckerberg to step down.
"An independent board chair is essential to moving Facebook forward from this mess, and to reestablish trust with Americans and investors alike", Stringer said.
