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Could Removal of Mark Zuckerberg End Facebook’s Woes?

Scarlett Ness
Could Removal of Mark Zuckerberg End Facebook’s Woes?

On October 17, Facebook’s (FB) major stockholders including public pension funds and state officials proposed the removal of Facebook’s chief executive officer and co-founder, Mark Zuckerberg, as chair of the company. Facebook’s chair controls the board and has the majority of the voting power. In 2017, a similar proposal to reclaim voting power was made but rejected.