Facebook shareholders complain about Zuckerberg’s power, call for breakup


Facebook CEO Zuckerberg acknowledged that the company needs to do more to restore trust, and ferret out misinformation and abuse. – AFP Relaxnews

Facebook CEO Mark Zuckerberg has too much power and it’s hurting the company, according to multiple shareholder proposals that will be considered at the company’s annual meeting, including one that calls for exploring strategic alternatives such as selling the tech giant’s other businesses. 

Another proposal urges the company to appoint an independent board chair. Zuckerberg is both chief executive and chairman. 

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Facebook; Mark Zuckerberg

   

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