Shareholders Want ‘Dictator’ Zuck Out as Chair, Facebook Defends Him

Shareholders Want ‘Dictator’ Zuck Out as Chair, Facebook Defends Him

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By CCN: Facebook shareholders want Mark Zuckerberg to step down as chairman, saying he runs the social media monopoly “essentially as a dictatorship.” Investors also slammed the tech juggernaut for its barrage of data-breach scandals, which they say has eroded public trust in the social network. A group of shareholders made the bombshell revelations in an April 12 SEC filing. The proposals were made in preparation for Facebook’s annual shareholders meeting, which is scheduled for May 30. Board Shot Down All 8 Shareholder Proposals Facebook unwittingly confirmed that it does indeed “operate essentially as a dictatorship” when it flatly rejected

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