Is There A Future For Mark Zuckerberg As Facebook Boss?
Mark Zuckerberg’s position as the Facebook boss might be in jeopardy as Major Facebook investors are seeking to unseat him as Chairman of the board.
Zuckerberg holds complete control of the board and investors are not pleased with the recent risks of privacy and security issues including allegations of political propaganda that rocked the company.
The shareholders that have recently joined the motion to oust the Facebook boss are Trillium Asset Company, State treasurers for Rhodes Island, Illinois, Pennsylvania and Stringer. They seek to make the role of chairman an independent position like other tech companies like Apple, Google and Microsoft.
The proposal to sack Zuckerberg names mishandling of serious controversies and includes that Facebook was used to influence the result of the US 2016 elections.
The proposal will be voted in the next annual shareholders meeting in 2019. In the Mark Zuckerberg’s position has been likened to a dictatorship because he has majority voting shares to Facebook.
There has been no comment from a Facebook spokesperson.