Posted on 06/28/2018 6:18:27 PM PDT by Beave Meister
According to a recent report, some Facebook investors are becoming tired of CEO Mark Zuckerberg’s style of running the company and may be considering a coup.
Just a few months ago, Facebook CEO Mark Zuckerberg testified before Congress about the Cambridge Analytica data scandal. Shortly before this, during a call with members of the media, including Breitbart News, one reporter asked Zuckerberg whether or not there had been a discussion amongst board members about replacing Zuckerberg as chairman of the company. Zuckerberg paused shortly and gave a short, clipped answer: “Not that I’m aware of.”
According to a recent report from Business Insider, that discussion amongst board members may have taken place. Scott Stringer, New York City’s comptroller, who is responsible for overseeing the investment of approximately $895 million worth of Facebook shares through city pension funds, recently told Business Insider: “We have concerns about the structure of the board that the company doesn’t seem ready to address, which can lead to risks — reputational, regulatory, and otherwise.” Doherty believes that Facebook’s current situation is one of the past that regularly has failed. “The idea that there should be an autocrat in charge of a gigantic public company, which has billions of dollars of shareholder money invested in it, is an anachronism,” Doherty said. “It harks back to the 19th century when you had these robber barons who were autocrats and dictators.”
(Excerpt) Read more at breitbart.com ...
Blowing smoke. Zuck owns a majority of VOTING SHARES. Overall ownership percentages don’t matter much. A lot of big companies have ownership structured like that.
Screw fakebook
Who cares about this stupid site for women gossip
Who do they think they are?? The Dept of Justice??
My wife just told me that a woman we know ran errands and walked her dog today. Thankfully, FB allows us to stay informed.
Yes, but a revolt amongst investors could have a devastating effect.
You almost have to be on Facebook to keep track of the relatives and their kids, so we are a captive audience and as such, the Facebook board should be regulated somehow so our privacy is protected. Get that little bast### Zuckerburg under control so he stops disgracing the company.
Facebook as we know it would probably go out-of-business if it had to respect user privacy. It’s users, or rather it’s users’ data, are it’s primary product. FB users need to understand that they are willingly surrendering their privacy in ways that they cannot imagine.
member of NAMBLA too ...
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