Thursday, July 2, 2020
Home Lead Story Facebook CEO Mark Zuckerberg Set to Face Leadership Vote

Facebook CEO Mark Zuckerberg Set to Face Leadership Vote

Stamos said Zuckerberg needs to give up some of his control of Facebook and hire a new CEO

Facebook CEO Mark Zuckerberg was likely to face a leadership vote at the social networking giant’s annual general meeting on Thursday to step down as Chairman.
According to the BBC, Zuckerberg was “unlikely to lose the vote because he owns 60 per cent of the company’s shares”.
“However, the percentage of shareholders who vote against him could indicate how much faith they have in his leadership,” said the report on Thursday.
Trillium Asset Management that owns about $7 million worth of Facebook shares is one of those advocating for Zuckerberg to step down.
The chorus is growing against Zuckerberg to step down as Chairman as the company under his leadership has failed to curb privacy violations.

Facebook
Facebook’s CEO Mark Zuckerberg. VOA

Zuckerberg has rejected the call for breaking up his company.
In an interview with French broadcaster France 2, Zuckerberg dismissed the claim made by his long-time friend and Facebook co-founder Chris Hughes that it is time to break up Facebook as Zuckerberg has yielded “unchecked power and influence far beyond that of anyone else in the private sector or in government”.
Former Facebook security chief Alex Stamos has also asked Zuckerberg to step down.
Stamos said Zuckerberg needs to give up some of his control of Facebook and hire a new CEO. (IANS)

STAY CONNECTED

19,002FansLike
362FollowersFollow
1,777FollowersFollow

Most Popular

India Reopens Visa Applications For Selected Countries

C omplying with the norms, regulations and relaxation of the Centre as well as the state governments and specific embassies, VFS Global is all set...

Women Entrepreneurship Program in India

W e are one of the biggest and fastest-growing economies, however, there is data that proves that if female employment rates were equal to male...

Covid-19 Conspiracy Theories Amplified by Social Media

People who get most of their news from social media like Facebook and YouTube are much more likely to believe conspiracy theories about the...

COVID-19 Accelerating Worldwide : WHO

The World Health Organization says 60 percent of the world’s 10 million COVID-19 cases since December came in the month of June – a...

Doctors Talk About Challenges they Face During the Pandemic

The year 2020 belongs to doctors and the healthcare workers who are risking their lives to fight the lethal, invisible virus Covid-19. While India...

Travel Virtually To These Places Amidst Lockdown

Travel is one of the most rewarding and enriching adventures one can indulge in. Every year, travel enthusiasts from across the world plan their...

Sustainable Kitchen Herb Gardening and it’s Benefits

Your small choice of starting a kitchen herb garden or nurturing the gardening habit can lead you to join the fight against global warming....

Covid-19 Infected Patients’ Blood Can Tell Severity Of Illness

Clinicians can examine Covid-19 patients' blood to identify those at greatest risk of severe illness and to pinpoint those most likely to need a...

Recent Comments