Mark Zuckerberg could no longer be in charge of Facebook. Well, this might sound shocking, but Facebook shareholders are now pressuring Facebook to replace Mark Zuckerberg from the post of CEO with an “independent” chairperson of the board.
Mark Zuckerberg May No Longer Be The Boss At Facebook!
Mark Zuckerberg could no longer be in charge of Facebook. Well, this might sound shocking, but we are not kidding. Facebook shareholders are now pressuring Facebook to replace Mark Zuckerberg from the post of CEO with an “independent” chairperson of the board.
Facebook shareholders are also the people at SumOfUs.org – a consumer watchdog, which is right now trying to limit Facebook’s CEO Mark Zuckerberg’s power withing Facebook by removing chief executive Mark Zuckerberg from the board of the directors and appoint an independent chairperson.
What’s even more shocking is a proposal has been put forward which claims that electing an independent chairperson would be best for Facebook, since an independent chairperson would be able to “oversee the executives of Facebook, improve corporate governance, and set a more accountable, pro-shareholder agenda in a better way.”
Facebook received SumOfUs proposal on Friday and had refused to comment on the issue. Under the proposal, every stockholder of Facebook, which also includes Mark Zuckerberg, will receive two new shares of what it called Class C stock.
According to the reports from VentureBeat, SumOfUs have managed to gather signatures of 3,33,00 people on their petition who want the company to improve the way it functions and treats its staffers. However, out of 3,33,000 people, only 1,500 were actual shareholders in the company.
So, what do you think about this? Share your views in the comment section below.