Zuckerberg's holding his Facebook power was forced by some shareholders

【Global Technology Reporter Li Zongze】 Facebook CEO Zuckerberg has recently encountered some trouble! A number of shareholders asked him to withdraw from the board of directors and allow him to be transferred as an independent director, so as to improve the company's management system and establish more favorable policies for shareholders.

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According to the technology website VentureBeat, the proposal was put forward by members of the US consumer protection organization SumOfUs. SumOfUs consultant Lisa said that there are currently 333,000 people who have signed petitions, of which 1,500 are Facebook shareholders and 4 are SumOfUs shareholders' valid votes meet the filing requirements.

The report pointed out that this request believes that Facebook’s internal power structure has been completely out of balance. For example, at the shareholders’ meeting held in June last year, participants were asked to approve proposals for the issuance of Class C shares to vote, and the proposal is to ensure that Zack Berg’s control of the company led Zuckerberg to participate in company management for a long time and to invest in long-term projects such as VR virtual reality. However, at least one shareholder sued Facebook afterwards. This is not a practice. fair.

Therefore, in order to improve the balance of power within Facebook, shareholders initiated this proposal and asked Zuckerberg to become an independent director to achieve a balance between the CEO and the board. Although Zuckerberg has always been criticized as “having too many rights in his hands,” it is unlikely that Facebook may approve this proposal, because Facebook’s growth and stability financial status is good and the stock price is still rising. Zuckerberg himself is also the largest shareholder of Facebook and can easily reject the proposal. Therefore, Facebook’s policy direction will still be led by Zuckerberg.

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