Facebook: Shareholders Back Proposal To Remove Zuckerberg As Chairman
Several public funds with holdings in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman.
The proposal, originally bought to the table by hedge fund Trillium Asset Management, is now backed by state treasurers from Illinois, Rhode Island and Pennsylvania. New York City Comptroller Scott Stringer also joined the shareholder proposal.
The proposal is asking Facebook’s board to make the role of board chair an independent position.
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Fernil News
Musah Inuwa is the founding editor at Fernil News, born and raised in Ghana, founded fernilnews.net in 2015. He writes on international relations, special events, and humanitarian issues. His choice of journalism as a career stems from his passion for telling people's stories and writing to inspire or make a difference.