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On Thursday, May 31, 2018, Facebook, Inc. (NASDAQ: FB) had its annual shareholder meeting and many investors came angered and frustrated over the recent scandals Facebook has been having. The meeting when from a dull gathering into a chance for investors to confront and question Facebook’s executives. According to Hannah Kuchler via Twitter Inc (NYSE: TWTR), “Facebook’s annual meeting feels like a revolt: nowhere else do the board and management get this kind of criticism even in the media”. During the meeting, investors pounded CEO Mark Zuckerberg with questions about his leadership, power of the company and management of the Cambridge Analytica data-harvesting scandal. One investor told Zuckerberg “Emulate George Washington, not Vladimir Putin” signifying to Washington’s verdict to step down as president.
Voting power in Facebook is still controlled by Zuckerberg and his executive members, which makes it almost impossible to pass any shareholders proposals unless Zuckerberg “blesses” them. On Thursday, all six shareholders proposals were rejected. During the election of board members, one woman advised shareholders to vote down to Zuckerberg’s re-election as CEO to the board. Regardless of the woman’s interruption, all eight members of the board, including Zuckerberg, were re-elected. Another shareholder proposal about giving everyone one vote per share which would prevent Zuckerberg of his unique voting rights, was voted down.
Another big concern from shareholders is Facebook’s handling of the Cambridge Analytica scandal. Christine Jantz, chief investment officer at NorthStar Asset Management said “If privacy is a human right, as stated by Microsoft’s CEO, then we contend that Facebook’s poor stewardship of user data is tantamount to a human rights violation”. Zuckerberg’s respond to this is that Facebook has not taken a “broad enough view” of its responsibilities. He also declared changes such as more simplicity in ads and increased spending on security. Although there were many criticisms towards Facebook, Facebook COO, Sheryl Sandberg, proposed one change the company is implementing to manage the company and it is the adoption of the “Rooney Rule”. This rule originated from the NFL and it requires that at least one minority candidate must be interviewed for a head coach or general manager position. Sandberg states that Facebook will use this rule when interviewing future candidates for Facebook’s board of directors.
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2 Comments
WalterHam
Jul 13, 2019 at 04 44 pmwouldn't you DATE HIM
update 3:Looloo, You said that a non shallow person would overlook physical aspect and weight for a genuine personality.Would you disregard the weight of a 325 pounder with a great personality and go out with him?best solution:Well I would really have to consider it. it ultimately depends Asiame on why he weighed that much, And if he was body fat. If the guy was 325 lbs because he just liked to eat at McDonald throughout the day,every day, webpage for myself wouldn date him. I confidence being healthy and treated your body well asiaME and with respect, nothing like it isn worth anything. If he was overweight because of a illness issues, And not simply because he was a pig, I might seem dating him. If he also was great and I respected him and liked his personality, habits, opinions, and the like. I could possibly date him. anyhow, I would encourage him to lose weight and live a healthier life. Eating unhealthy food occasionally is okay, many people does it, But if someone always eat foods that are terrible for them and expects that they won gain weight, they would frequently lose my respect, And my preference to date them.So i presume, worth, I would date him. thinking however, That i have not actually had a boyfriend, Because at my age I value other activities more, I probably am not a good judge.that is correct, a totally free. If he has a good psyche and other qualities. I don date a guy even if he is tall, small, Fit or. I have dated bigger guys and lower guys.Just because a person has weight is not true they are unattractive! I seen luring men over 300 pounds. My cousin is married to a pretty man, He assessed 380 last I knew. He also a realistically good man.
Keithdix
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