Some notable Facebook shareholders file (mostly symbolic) proposal to oust Mark Zuckerberg as chairman

Several major Facebook shareholders have submitted a proposal calling for CEO Mark Zuckerberg to step down as chairman of the company’s board. The filing is mainly symbolic, since Zuckerberg has almost total voting control, an arrangement that has earned the company’s board structure comparisons to a “dictatorship.” The proposal is still noteworthy, however, because of […] https://ift.tt/2CRjuCQ Catherine Shu October 18, 2018 at 12:00AM