Several major Facebook stakeholders call for Mark Zuckerberg to step down as Chairman
Mark Zuckerberg has faced a great deal of heat and backlash, moreso in recent times than ever. Many would argue that it is well-deserved, given Facebook's decidedly cavalier attitude regarding privacy and security. Ethical mishaps after ethical mishaps that the company sees on a regular basis, however, haven't had too much of an impact on Zuckerberg's position of power.
That, it appears, may be set to change all too soon.
On Wednesday morning, state treasurers from Illinois, Pennsylvania and Rhode Island, along with the comptroller of New York City signed a proposal that was issued in June by Trillium Asset Management. The agenda set by the proposal aims to leverage the hundreds of billions of dollars in pension funds and state investments that these parties control, in order to have other major Facebook shareholders coerce the company to replace Zuckerberg with an independent chairman.
