Welcome to WebmasterWorld Guest from 18.232.124.77

Forum Moderators: not2easy

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

     
12:01 pm on Jun 5, 2019 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
posts:26249
votes: 999


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)

Preferred Member

10+ Year Member

joined:June 15, 2007
posts:452
votes: 18


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

Senior Member from US 

WebmasterWorld Senior Member lucy24 is a WebmasterWorld Top Contributor of All Time 5+ Year Member Top Contributors Of The Month

joined:Apr 9, 2011
posts:15769
votes: 832


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”.