United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Mark Zuckerberg Faces Calls to Quit As Facebook Chairman... Again

One News Page Staff Saturday, 20 October 2018
Mark Zuckerberg Faces Calls to Quit As Facebook Chairman... Againby 👨‍💻 Adam Yardley

It’s hardly been a smooth year for Mark Zuckerberg nor for Facebook in general. 2018 ushered in a number of scandals with regard to how certain user data has been handled, with the Cambridge Analytica saga perhaps being the most high-profile of the bunch. It’s a saga which remains looming over the social network’s head, and, despite calls for Zuckerberg to step down from at least his chairman position, the mogul has remained in power at the brand. Shareholder and funder concerns have been rumbling for a while now, in light of the press Facebook has created as well as how things are reportedly being run behind the curtain – and this week, it appears demands for the creator of the most prominent social network to step down are circulating once again.

Many Questions Still Unanswered in Facebook's Latest Data Leak
Many Questions Still Unanswered in Facebook's Latest Data Leak

A proposal by Trillium Asset Management was made back in June to request that Zuckerberg be replaced in his role as Facebook’s chairman of the board to make way for an independent alternative. The proposal has re-entered the news in recent days as it has received concrete backing from state treasurers in Illinois, Rhode Island and Pennsylvania – and with New York City’s comptroller also on board to suggest that shareholders wish Zuckerberg to make tracks from his chairman role, it’s clear that there are a few major bodies and financial heavyweights willing to lower the boom if necessary.

Powerful Facebook Investors Propose Mark Zuckerberg Step Down As Chairman
Powerful Facebook Investors Propose Mark Zuckerberg Step Down As Chairman

The proposal to remove Zuckerberg from his position not only surrounds the various scandals Facebook has faced in the past 12 to 18 months – including allegations of Russian election meddling via the network, the Cambridge Analytica data leaks, the fake news phenomenon and other ongoing social concerns – but also the fact that it is reportedly quite rare for major companies and brands to possess a joint CEO and chairman. Zuckerberg, at Facebook, holds both roles simultaneously. It’s this alongside the brand’s rather fraught year of scandals that have brought the concept of Facebook’s chairman to separate his roles to light.

Scott Stringer, NYC’s comptroller, suggested that Facebook take action with immediate effect. “We need Facebook’s insular boardroom to make a serious commitment to addressing real risks – reputational, regulatory, and the risk to our democracy – that impact the company, its shareowners, and ultimately the hard-earned pensions of thousands of New York City workers.” Will Facebook, and Zuckerberg, sit up and take notice?

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Deepfake Zuckerberg videotests Facebook's policies [Video]Deepfake Zuckerberg videotests Facebook's policies

MENLO PARK, CALIFORNIA — A deepfake video of Mark Zuckerberg giving a Black Mirror-like speech was posted to Facebook-owned Instagram. The video portrays Zuckerberg sitting at a desk addressing..

Credit: TomoNews US     Duration: 01:46Published

A Breakdown of What's Impacting FAANG in 60 Seconds [Video]A Breakdown of What's Impacting FAANG in 60 Seconds

What's going on with the FAANG stocks? Jeff Marks, senior portfolio analyst for Jim Cramer's Action Alerts PLUS investing club, gave investors a quick breakdown of what's driving the stocks. "Facebook..

Credit: The Street     Duration: 01:11Published

FB Totally Redesigns Messenger App [Video]FB Totally Redesigns Messenger App

Facebook is trying to get your attention again with a hot redesigned app. Here's the story.

Credit: Celebrity Wire     Duration: 01:04Published

Disgruntled Ex Facebook Employee Calls Out Their Hiring Practices [Video]Disgruntled Ex Facebook Employee Calls Out Their Hiring Practices

Facebook is facing a new diversity issue. Is it accurate. Here's the report.

Credit: Celebrity Wire     Duration: 01:49Published


Other recent news in Internet

Best PRIME DAY Nintendo deals: Nintendo Switch, Joy-Cons, games galorePrime Day deal alert: You can still get a FIRE TV Stick for less than $15
•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.