Facebook investors are becoming tired of CEO Mark Zuckerberg’s style of running the company and may be considering a coup.
Just a few months ago, Facebook CEO Mark Zuckerberg testified before Congress about the Cambridge Analytica data scandal. Shortly before this, during a call with members of the media, including Breitbart News, one reporter asked Zuckerberg whether or not there had been a discussion amongst board members about replacing Zuckerberg as chairman of the company.
Zuckerberg paused shortly and gave a short, clipped answer: “Not that I’m aware of.” According to a recent report from Business Insider, that discussion amongst board members may have taken place. Scott Stringer, New York City’s comptroller, who is responsible for overseeing the investment of approximately $895 million worth of Facebook shares through city pension funds, recently told Business Insider: “We have concerns about the structure of the board that the company doesn’t seem ready to address, which can lead to risks — reputational, regulatory, and otherwise.” Doherty believes that Facebook’s current situation is one of the past that regularly has failed.
All of the investors interviewed assured Business Insider that they truly want what’s best for the company — and for many of them, that means removing Zuckerberg as CEO