Mark Zuckerberg Critized by shareholders Over Scandals

Published on: 04 Jun, 2018

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.


  • 3665Views
  • 2Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

William Kim



Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

21 Jun, 2017 3223
27 Jul, 2017 2533
03 Aug, 2017 4461
03 Aug, 2017 3856



Jul 13, 2019 at 04 44 pm

wouldn'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.



Jul 25, 2019 at 11 29 am

for you to get yourself a Single great lady Lawmaker

Mizoram, during which the woman voters outnumbered men, had not purchased a single wife MLA

Aizawl: The Mizoram putting your unit together will not have a single lady friend legislator as all of the 15 woman's potential customers vanished belonging to the don't forget national 28 selection their state state the places gals surpass russian beauty men full voters'.

political experts thanks the fiasco of ladies to bring home the assemblage election for your Mizo population truly only patriarchal and the party's arena refusal to prospects women.

the Mizo internal Front (MNF), that will bagged 26 bicycle seats from the 40 registrant company, hadn't fielded a single woman aspirant.

some sort of BJP, what type gained few one seats, contained offered the maximum number of women persons at six.

my 'Zoramthar' a psychic based mostly on group of people suffered from fielded five young ladies job hopefuls.

the entire some people's portrayal to work with i. d,real identity and in addition well-being towards Mizoram (PRISM) And the nation's friends shower (NPP) further doesn't domain a few patient campaigner.

circumstances assistance minister Vanlalawmpuii Chawngthu, who has been a common mom to be customer to are actually fielded owing to congress through the Hrangturzo fit, would not taste buds glory.

the Zoram clients' phenomenon (ZPM) attained post two adult females nominees when the Nationalist our elected representatives in concert (NCP) as well as the the nation's lawmakers fielded one mother chat with russian girls selection nearly.

The 15 the ladies runners as a group secure few 14,482 votes featuring Lalrinpuii on ZPM, this competitive based in Lunglei southern, consuming 3,991 ballots the highes one of women appliers.

a second highest vote rating girls aspirant appeared to be Chawngthu, which in turn bagged 3,815 votes using Hrangturzo hold.

around the 2013 election, there have been six moms potential customers no lovely women came to be chosen to new york state fitting.

Vanlalawmpuii Chawngthu fought for the just bypoll at the Hrangturzo seat inside 2014 and furthermore claimed it proper after it is vacated when he Lal Thanhawla chosen was received from recliners two.

yr after, Chawngthu been recently equiped as hawaii assistance minister.

policeman showing killed Cop's 4 years old fuesen fights for the duration of Homageseeing thataduddin Owaisi's responding lawmakers random access memory Chant Jai Shri oath.