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68pct of Facebook's Outside Investors Want an Independent Chairman

     
12:01 pm on Jun 5, 2019 (gmt 0)

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According the a filing, 68% of Facebook's outside investors want to oust Mark Zuckerberg as Chairman, and that's up from 51% last time.

Some 68% of ordinary investors, those who are not part of management or the board, want to oust Zuckerberg as chairman and bring in an independent figure to chair Facebook's board


[businessinsider.com...]
2:45 am on June 6, 2019 (gmt 0)

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the person who controls most of the *voting* shares will decide
4:16 am on June 6, 2019 (gmt 0)

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I should hope that a company as big as Facebook would have something a little more sophisticated in their bylaws than “the chairman of the board is selected by a simple majority of shareholders”.
 

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