Global

Mark Zuckerberg Might Get Ousted from Facebook

Sharing is caring!

Several public funds that hold shares of Facebook stock are backing a proposal to remove CEO Mark Zuckerberg from his role as chairman of the company’s board.

State treasurers in Illinois, Rhode Island and Pennsylvania as well as New York City Comptroller Scott Stringer co-filed the proposal, alongside the hedge fund Trillium Asset Management, which first floated the idea.

The proposal, which requests that the positions of CEO and chairman of the board be separated, is set to be voted on at the company’s annual shareholder meeting in May.

“Facebook plays an outsized role in our society and our economy. They have a social and financial responsibility to be transparent – that’s why we’re demanding independence and accountability in the company’s boardroom,” Stringer said in a statement.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: