Facebook's Mark Zuckerberg 'Survives' Leadership Vote

[upnorth]

Content source

https://www.bbc.com/news/technology-48472408

An attempt to make Facebook founder Mark Zuckerberg step down as the company's chairman has failed.

At the company's annual general meeting on Thursday, shareholders had the opportunity to vote on Mr Zuckerberg's leadership. Mr Zuckerberg is both Facebook's chief executive and the chairman of its board of directors. He controls about 60% of the voting power and would only have lost if he voted against himself. Some investors have called for him to step down as chairman as they believe this would help him focus on running the company. One of those investors is Trillium Asset Management, which owns Facebook shares worth about $7m (£5.5m). "If he can focus on being the CEO, and let somebody else focus on being independent board chair, that would be a much better situation," Jonas Kron, senior vice-president at Trillium, told the BBC ahead of the vote. He said Mr Zuckerberg could take inspiration from Google's Larry Page and Microsoft's Bill Gates, who are company founders but not chairman of the board.

 

[alakazam]

Good. It is as it should be. I've always hated when stuff like this happened: someone starts a business, it grows, he/she hires business partners, and then the business partners try to take the business away from him/her. Like, it's his site. He made it. If Jonas Kron wants to be chairman, he should make his own social network and stop giving advice to people who didn't ask him for advice.

 

[Ink]

He's an awful CEO ever since I heard about this: Facebook should allow under-13s says Mark Zuckerberg in 2011, thankfully it never passed.

(PS: Link is HTTP)

 

[upnorth]

Facebook founder called trusting users dumb f*cks

Peace Prize for Mr Zuckerberg?

www.theregister.co.uk