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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

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2020, Facebook
FILE - Facebook CEO Mark Zuckerberg speaks at a Facebook developer conference in San Jose, California, May 1, 2018. VOA
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)

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Facebook Loses its Place in Glassdoor’s ‘Best Places to Work’ List

The Top-100 list by Glassdoor is for large organisations or those with at least 1,000 employees. It bases its rankings on eight factors, including work/life balance, compensation and benefits and senior management, among others

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Social Media, Facebook, Authenticity, Posts
The social media application, Facebook is displayed on Apple's App Store, July 30, 2019. VOA

Mired in several controversies amid break-up calls from the US lawmakers, Facebook has once again slipped off Glassdoor’s “Best Places to Work” list for a second year in a row.

Facebook dropped to 23rd best place to work, falling 16 spots from last year’s position, and its award score fell from a 4.5 to 4.4 out of a perfect 5, according to the annual listing by the leading job website.

The top three spots are occupied by leading growth platform HubSpot, management consultancy firm Bain & Company and market leader in electronic signatures DocuSign, respectively.

Among the tech companies, Google is at 11th spot, LinkedIn at 12th, Microsoft at 21st, Salesforce at 34th, VMware at 36th, Adobe at 39th, Cisco at 77th, Accenture at 83th and Apple at 84th (the Cupertino-based iPhone maker slipped 13 spots from the last year’s list).

Amazon once again failed to enter the list of 100.

For Facebook, 2019 has been bad on the diplomatic front. Several US Senators have called for breaking up the social network amid repeated data breaches and privacy violations on the platform.

Facebook
Facebook has failed to comply with the subpoenas for more information related to the ongoing privacy investigation into its alleged privacy violations and Cambridge Analytica, the media has reported. Pixabay

Democratic presidential candidate Senator Kamala Harris has stressed that authorities should take a serious look at breaking up Facebook as the social network platform is a “utility that has gone unregulated”.

Another Democratic 2020 candidate Senator Elizabeth Warren has also stressed upon the possibility of breaking up Facebook.

Facebook CEO Mark Zuckerberg, however, rejected these calls, saying the size of the social media giant was actually a benefit to its users and the security of the democratic process.

Zuckerberg has promised his employees to “fight and win” if Democratic presidential hopeful Warren wins the 2020 election and moves forward with her stated plan to break up the big US tech firms.

Also Read: Here’s What India’s Privacy Bill Requires from Social Media Firms

The company in July agreed to pay record-breaking $5 billion to the Federal Trade Commission (FTC) as fine for users’ privacy violations in the Cambridge Analytica data scandal involving millions of users.

The US FTC is also investigating Facebook for potential monopolistic practices.

The Top-100 list by Glassdoor is for large organisations or those with at least 1,000 employees. It bases its rankings on eight factors, including work/life balance, compensation and benefits and senior management, among others. (IANS)