Irish Times: Facebook rejects two proposals to reduce Zuckerberg’s control over the company

Irish Times: Facebook rejects two proposals to reduce Zuckerberg’s control over the company. “Facebook has rejected two proposals intended to diminish chief executive Mark Zuckerberg’s control over the company, an expected though disappointing outcome for those worried about the chief executive’s power. The board on Wednesday turned down a proposal to replace Mr Zuckerberg as chairman with an independent representative. Mr Zuckerberg, who has served as chairman since 2012, controls about 58 per cent of the voting shares, according to a regulatory filing.”

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