Facebook’s Big‑Name Boardroom Shake‑Up
When the tech giant’s own investors start whispering in the hallway, you know something’s up. Four heavyweight shareholders—state treasurers from Illinois, Rhode Island, and Pennsylvania, plus New York City Comptroller Scott Stringer—have teamed up (yes, they literally co‑filed) a proposal that calls for firing Mark Zuckerberg from the chairman’s seat.
Why “Mishandling” Matters
Stringer pointed out that Facebook’s insular boardroom has done nothing but hide behind its own comfort zone. “We need a serious commitment to address real risks—reputational, regulatory, and the danger to our democracy—impacting the company,” he said. He added that an independent board chair is the first step in shaking off the mess and reclaiming trust, both for Americans and for investors.
Board Dynamics – A Symbolic Move
Truth be told, Zuckerberg still wields the ultimate power over the board. However, the proposal is far from futile—it signals that the long‑time chairmanship is under scrutiny and that even the biggest name in the room might not escape the spotlight.
What Facebook Says (or Isn’t Saying)
When asked, a spokesperson for Facebook declined to comment, which leaves the story under wraps—until the proposal’s status is announced or the board takes action.
Quick Snapshot
- Illinois Treasurer
- Rhode Island Treasurer
- Pennsylvania Treasurer
- New York City Comptroller – Scott Stringer
