TechCapon



Mark Zuckerberg

The year 2018 is most likely the most noticeably awful year of Mark Zuckerberg's life in view of progressive information leaks driving Zuckerberg to testify before Congress, now major investors are pushing to show him out from his position as Chairman of the board. As of late, treasurers of Rhode Island, Illinois, and Pennsylvania raised marked a proposition issued by Trillium Asset Management in June.

The proposition suggests that Mark Zuckerberg should be removed as the Chairman. This is a direct result of mishandling high profile scandals and absence of transparency. Mjor stakeholders will cast a ticket on the proposal in Facebook's yearly financial specialist meeting set for May 2019. The suggestion demands investors to choose an independent executive, much the same as Tesla is doing.



Official statement from the New York City Comptroller.

“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.

We need Facebook’s insular boardroom to make a serious commitment to addressing real risks – reputational, regulatory, and the risk to our democracy – that impact the company, its shareowners, and ultimately the hard-earned pensions of thousands of New York City workers. An independent board chair is essential to moving Facebook forward from this mess, and to reestablish trust with Americans and investors alike.”

This isn't the first time that such plans have been raised to upset Mark Zuckerberg's position. In April, a similar endeavor was made, but since Zuckerberg holds 60 percent casting a ballot rights. Hence, the arrangement was unsuccessful.

Notwithstanding, this time, association of investors could get it done. A few noteworthy investors like The New York City Pension Funds that claim 4.5 million Facebook shares. The Pennsylvania Treasury holds 38,737 offers, Trillium is the proprietor of 53,000 offers, are backing the proposition.

Facebook has not yet issued any official explanation with respect to the proposition.

SOURCE:https://techcapon.com/major-facebook-shareholders-seek-to-dethrone-mark-zuckerberg-as-chairman-of-the-board/

Too bad
He’s doing a good job so far and whatever plan the board are considering is simply out of selfishness and turn Marks hardwork into what they can benefit from and if care isn’t take they will just run the company down and under.

Same happened with the Tesla owner but he’s case is different because he had fraud allegations thus he had to resign as chairman.

Like someone said Mark should pay off the silly shareholders and run his independently against them and thier frivolous wishes

Ok

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Na wa o, what's the rationale behind such actions against him?

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Greed.

if I'm mark I'll buy all their shares and kick their asses out of my company


Why will a company allow a total stranger to have upto 30% shares on his sweat?

if na me maximum you can have is 15-20%

make someone no come tomorrow start dragging my company with me

Q

Lobatan

but why

Just like in the series successor

Let's.see.how.this.one.pans.out

Na wa o see as dem wan play play comot this guy from him own sweat


Any power trying to overseat me from my place of glory....die by fire....

wow

tigerclaws:
if I'm mark I'll buy all their shares and kick their asses out of my company


Why will a company allow a total stranger to have upto 30% shares on his sweat?

Gbam

Let me kukuma submit my CV to the board, LUCK might shine on me and I become Chairman of Facebook Board. I have BSc, Infotech, MSc Computer Engineering and MBA. I also have 4 certificates in coding (C++), 2 in Software Engineering and project management.

This facebook of a thing is gradually losing the aura it had some 5/10 yrs ago.

I can bet that in the next 10/15yrs facebook may prolly end up becoming another netlog, yahoo, qeep and the others that have lost their dominance.

The same people you call to come and eat want to remove your own hand self

One of the disadvantages of going public

kazeeyoung:
The same people you call to come and eat want to remove your own hand self

Empire comes to my mind

autotrader014:


Gbam

honestly if not greed why will a CEO or company owner allow a total stranger to acquire 30% of his company shares talk more of 40%

that's exactly what happened with arsenal on wenger they can't sack him because he has big shares on arsenal if not for reputation wenger will still be coaching arsenal till he decides to quit

DonFreshmoney:
Let me kukuma submit my CV to the board, LUCK might shine on me and I become Chairman of Facebook Board. I have BSc, Infotech, MSc Computer Engineering and MBA. I also have 4 certificates in coding (C++), 2 in Software Engineering and project management.

Na u o baba o

Same they are doing for Tesla, now you can understand why some CEO don't like going public - moneybags come in, take over chairmanship, but they don't have the passion of the founder and they destroy the business.

DonFreshmoney:
Let me kukuma submit my CV to the board, LUCK might shine on me and I become Chairman of Facebook Board. I have BSc, Infotech, MSc Computer Engineering and MBA. I also have 4 certificates in coding (C++), 2 in Software Engineering and project management.

even 2go will reject a Nigerian graduate

tigerclaws:

honestly if not greed why will a CEO or company owner allow a total stranger to acquire 30% of his company shares talk more of 40%

that's exactly what happened with arsenal on wenger they can't sack him because he has big shares on arsenal if not for reputation wenger will still be coaching arsenal till he decides to quit

who told you Wenger has big shares in arsenal. Nigeria and nonsense talk

This is the beginning of the end of fb.