Facebook shareholders try and fail to limit Mark Zuckerberg’s power

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Calls for Mark Zuckerberg’s power to be reined in continue to grow louder – not that it matters. 

That much was clear during Facebook’s annual shareholders meeting on Thursday, where Zuckerberg faced numerous calls for his power to be checked. On the agenda were four shareholder proposals that called for new checks on Zuckerberg’s power: 

  • A proposal calling for more shareholder a power

  • A proposal calling for an independent board chair (not Zuck)

  • A proposal which compared Zuckerberg’s control of the company to a “dictatorship,” for shareholder input in elections to the board of directors

  • A proposal to explore “strategic alternatives,” including breaking up Facebook into separate companies Read more…

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