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October 18, 2018 04:40 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/NTTcVqPSAUI/major-facebook-investors-want-mark-zuckerberg-out-as-chairman
Major Facebook Investors Want Mark Zuckerberg Out as Chairman
Major Facebook investors, including public pension funds and state officials, are pushing for Mark Zuckerberg's ouster as chairman of the company's board. From a report: The proposal is largely symbolic, since Zuckerberg holds absolute control of the board. But it comes at a difficult time for Facebook, as security breaches plague the company and spur questions around corporate oversight. "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 share owners, and ultimately the hard-earned pensions of thousands of New York City workers," New York City Comptroller Scott Stringer said in a statement to CNBC. Stringer joined a previous motion by Trillium Asset Management in calling for Zuckerberg to step down.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/NTTcVqPSAUI/major-facebook-investors-want-mark-zuckerberg-out-as-chairman
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