Tag: Mark Zuckerberg

Facebook investors want to oust Mark Zuckerberg as Chairman

Facebook’s independent investors are disgruntled with the way Mark Zuckerberg handled a series of Facebook scandals last year, which caused huge drop in Facebook’s share price. In Facebook’s annual shareholders meeting, 68% of outside investors voted for a proposal to oust Mark and hire an independent Chairman. However, Mark Zuckerberg, who owns 60% of the voting rights, rejected the proposal.