Facebook shareholders move to oust Zuckerberg as chairman...again
A group of powerful public funds have given their blessing to a proposal by Facebook shareholders that would remove Mark Zuckerberg from his position as chairman of the company’s board of directors.
The state treasurers of Rhode Island, Illinois and Pennsylvania, as well as the New York City comptroller have signaled their support to the proposal, which was first filed in June by Facebook shareholder Trillium Asset Management, which holds an $11 million stake in the social media giant.
Trillium filed the proposal after a disastrous start to the year for Facebook, marked by privacy scandals and a stock drop. It called for Facebook to split the roles of CEO and chairman to loosen Zuckerberg’s grip on the company.
The proposal accused Zuckerberg of mishandling the controversies, and called on the 34-year-old to step down as chairman. Trillium also cited the spread of misinformation on the platform and its use by extremists to promote violence in Myanmar as reasons for the proposal.
“An independent board chair is essential to moving Facebook forward from this mess, and to reestablish trust with Americans and investors alike,” said New York City Comptroller Scott Stringer in a statement released Wednesday. Stringer oversees the city’s pension fund, worth over $195 billion, including 4.7 million shares in Facebook. Pennsylvania and Rhode Island’s treasuries hold 38,737 and 168,203 shares in the company respectively.
Wednesday’s development is likely a symbolic one, as Zuckerberg still holds the bulk of Facebook’s shares, giving him 59.9 percent voting power. Nevertheless, such a move puts pressure on Zuckerberg. In the June proposal, the investors described Zuckerberg's response to the privacy scandals "evasive" and his rule over the company like that of a "19th-Century dictator."
Last year, a move to oust Zuckerberg, which had the support of 51 percent of independent investors was made, and failed, due to Zuckerberg’s majority stake.
The latest proposal will be voted on at a shareholder meeting in May 2019.
Facebook’s share price has dropped 27 percent since July, and the company has been rocked by the departure of senior executives since. Instagram co-founders Kevin Systrom and Mike Krieger jumped ship in September over a dispute with Zuckerberg about the future of the platform. WhatsApp co-founder Jan Koum left Facebook in April, clashing with Zuckerberg over data privacy, advertising and encryption. Facebook owns both Instagram and WhatsApp.
GLOBALIST FOR BANKSTERS, THE SUPER RICH and
OPEN BORDERS
ADVOCATES TO FINISH OFF THE AMERICAN
MIDDLE-CLASS.
“Democrats Move Towards ‘Oligarchical
Socialism,’ Says Forecaster Joel Kotkin.”
MULTI-CULTURALISM and the
creation of a one-party globalist country to serve the rich in America’s open
borders.
http://mexicanoccupation.blogspot.com/2017/12/em-cadwaladr-impending-death-of.html
“Open border advocates, such as Facebook's Mark Zuckerberg, claim illegal
aliens are a net benefit to California with little evidence to support such an
assertion. As the CIS has documented, the vast majority of illegals are poor,
uneducated, and with few skills. How does accepting millions of illegal aliens
and then granting them access to dozens of welfare programs benefit
California’s economy? If illegals were contributing to the economy in any
meaningful way, CA, with its 2.6 million illegals, would be booming.” STEVE
BALDWIN – AMERICAN SPECTATOR
BARACK OBAMA POSITIONS MARK ZUCKERBERG of FAKEBOOK
to be his global controller of propaganda for the Obama bankster-funded third
term for life.
http://globalistbarackobama.blogspot.com/2018/09/fakebooks-mark-zuckerberg-will-be.html
“They knew Obama was an unqualified crook; yet they
promoted him. They knew Obama was a train wreck waiting to happen; yet they
made him president, to the great injury of America and the world. They
understood he was only a figurehead, an egomaniac, and a liar; yet they made
him king, doing great harm to our republic (perhaps irreparable.)” ALLAN
ERICKSON
BARACK OBAMA’S CONSPIRACY FOR A THIRD TERM FOR LIFE
First, destroy Trump and put away Hillary.
HE PARTNERS WITH ZUCKERBERG, SOROS AND LOUIS FARRAKHAN
“Obama would declare himself president for life with Soros
really running the show, as he did for the entire Obama presidency.”
“Hillary was always
small potatoes, a placeholder as it were. Her health was always suspect. And do
you think the plotters would have let a doofus like Tim Kaine take office in
the event that Hillary became disabled?”
“Obama has the totalitarian
impulse. After all, he went around saying he didn't have Constitutional
authority to legalize the illegals, and then he tried anyway. The courts
stopped him.”
“The bottom line 2 is
this: Barack Obama is a Communist. This was all an Obama operation. Why is
anyone surprised that a communist (Obama) tried to subvert an election. That is
what Communists do. It is Barack Obama and his people like Brennan and Clapper
behaving to type. That's what Maduro does in Venezuela. That's what the Castro
brothers did. That's what every communist and socialist nation does. THEY FIX ELECTIONS!!”
“Hillary
kept a secret server overflowing with national security info which, more than
likely, was hacked. June 28, 2016, on a Phoenix tarmac, Bill Clinton met with
Attorney General Loretta Lynch to seal a deal insuring Hillary would not be
prosecuted.”
“Obama, of course, covered
up his own role, depicting his presidency as eight years of heroic
efforts to repair the damage caused by the 2008 financial crash. At
the end of those eight years, however, Wall Street and the financial
oligarchy were fully recovered, enjoying record wealth, while
working people were poorer than before, a widening social chasm that
made possible the election of the billionaire con man and Demagogue in November
2016.”
David Bernstein & The Heritage Foundation - “Lawless: The
Obama Administration’s Unprecedented Assault on the Constitution and the Rule
of Law.”
“The
Lawlessness of the Obama Administration: A never-ending story.” Michael Barone
– American Historian – Washington
Examiner
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