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Facebook shareholders, FTC urged to hold Mark Zuckerberg accountable

Facebook shareholders, FTC urged to hold Mark Zuckerberg accountable

5 years ago
Anonymous $9jpehmcKty

https://www.siliconvalley.com/2019/05/07/facebook-shareholders-ftc-urged-to-hold-mark-zuckerberg-accountable/

Facebook Chairman and CEO Mark Zuckerberg is facing increasing pressure this week as two advocacy groups urged shareholders to withhold their votes for his renomination to the company’s board, and as two senators urged the FTC to hold him personally responsible for the tech giant’s privacy failures.

On May 30, Facebook investors will consider several shareholder proposals related to management of the company, and a common theme among them is criticism that Zuckerberg holds too much power. Monday, civil rights advocacy group Color of Change and corporate-accountability group Majority Action filed a notice of exempt solicitation with the Securities and Exchange Commission, in which they urge Facebook shareholders not to vote for Zuckerberg for chairman. They said the company’s response to its many scandals is insufficient.