It looks like things are heating up at Facebook. And the reason for this is the attitude of shareholders against the current chairman of the board and founder of the company Mark Zuckerberg. How , last Monday it was opposed by 68% of independent shareholders who are not part of the management or board of directors.
It must be admitted that last year this figure was 51%, so the growth of discontent among the βindependentsβ is obvious. Shareholders believe that the situation has worsened over the past three years. We are talking about interference in the US elections in 2016, a giant data through Cambridge Analytica last year, as well as a number of smaller but equally unfortunate incidents. Shareholders believe that the company will benefit from the appointment of an independent chairman to replace Zuckerberg.
Note that against the backdrop of recent events, the company's shares fell on Monday by 7,5% to $164,15 after news that the antimonopoly authorities may launch an investigation against the company.
In addition, 83,2% of independent shareholders supported the proposal to drop Facebook's two-class share structure. Currently Class A shareholders have one vote per share, while Class B shareholders receive 10 votes per share. Management and directors control Class B shares, which seems unfair to many.
At the same time, Zuckerberg owns more than 75% of class B shares, which means that he has a controlling stake - about 60% of the votes in Facebook. This allows them to have an ace up their sleeve in case of any complications.
The company has not yet received an official statement in this regard.
Source: 3dnews.ru