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Facebook Shareholders Urge Company To Replace Mark Zuckerberg With 'Independent' Board Chair (venturebeat.com)

Posted by msmash on from the could-do-without-Mark dept.

An anonymous reader shares a VentureBeat report: Facebook is being pressured by a group of shareholders seeking the removal of company chief executive Mark Zuckerberg from the board of the directors. A proposal has been put forward claiming that an independent chairperson would be better able to "oversee the executives of the company, improve corporate governance, and set a more accountable, pro-shareholder agenda." The idea for Zuckerberg's board ousting comes from Facebook shareholders who are members of the consumer watchdog group SumOfUs. The organization bills itself as an online community that campaigns to hold corporations accountable on a variety of global issues such as climate change, workers' rights, discrimination, human rights, corruption, and corporate power grab.

6 of 182 comments (clear)

  1. Irony Level: Master by ScentCone · · Score: 5, Insightful

    Third party organization wants to oust founder of company from board of directors because of their activism in the area of "power grab."

    --
    Don't disappoint your bird dog. Go to the range.
  2. Re:Pro Shareholder Agenda by CrimsonAvenger · · Score: 4, Insightful

    Corporations should focus on their employees and their customers, not shareholders.

    This can be read as "businesses should focus on their employees and their customers, not their owners".

    Now, explain why, exactly, someone should buy part of a business if they're not going to get some benefit from doing so....

    --

    "I do not agree with what you say, but I will defend to the death your right to say it"
  3. Conflicting Goals by archer,+the · · Score: 4, Insightful

    "pro-shareholder agenda"

    and

    "global issues such as climate change, workers' rights, discrimination, human rights, corruption"

    seem like seriously conflicting goals.

  4. Re:Pro Shareholder Agenda by 0bject · · Score: 5, Insightful

    The end users of Facebook are not the "owners" or even the "Customers" for that matter. They are the product.

  5. Political Agenda Driven Companies? by WinterBeard · · Score: 4, Insightful

    Sounds like some people with a political agenda want control of the largest social network on the planet. Sounds like a bad idea to me. While Mark may lean left, at least he is driven by the dollar and has at least publicly expressed his interest in keeping facebook as a site independent.

  6. Re:remove zuck ... forcibly by Anonymous Coward · · Score: 5, Insightful

    Start a competitor and put him out of business, like Zuck put MySpace and Friendster out of business.

    Oh wait. That's what a serious person willing to back up his mouth with action would do. Not you.