Axar.az
UP
7 July 2020


Facebook shareholders urged to rebel against Zuckerberg

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

Facebook shareholders have been urged to rebel against the company's "dysfunctional" governance structure by opposing its board compensation policy this week, ousting Mark Zuckerberg as chairman and withholding support for some directors.

Axar.az reports citing foreign media that influential investor groups ISS and Glass Lewis have advised shareholders to support a resolution requiring an independent board chairman at its annual meeting on Wednesday (US time), a proposal that would effectively block Facebook's founder and chief executive from also holding the position.

The group said pay for top executives was based on "vague metrics" such as "making progress on the major social issues facing the internet and our company", and "build[ing] new experiences that meaningfully improve people's lives today".

It added that Mr Zuckerberg's $US20.5 milion ($31.3 million) in security costs, which are paid by Facebook, had not been properly explained, and included $US3 million of costs related to personal travel.

Date
2020.05.25 / 17:12
Author
Axar.az
Comments
See also

Uber is buying Postmates for $2.65 billion

Twitter drops 'master', 'slave' and 'blacklist'

Instagram will recommend who to add to your block list

Elon Musk's fortune increased by $ 5.2 billion

Pedestrians were banned from smartphones

Alibaba Cloud announces business expansion in Southeast Asia

China has banned all of them: Youtube, Whatsapp, Instagram ...

Tesla delivered more than 90,000 cars last quarter

Amazon pulls 'boring' big-budget video game

India bans TikTok, and more Chinese apps

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla