• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Enterprise

As The Calls Grow Louder For A Facebook Breakup, CEO Mark Zuckerberg To Face Leadership Vote

Uloma Mary Omolaiye by Uloma Mary Omolaiye
May 31, 2019
Share on FacebookShare on Twitter

Following the request from former Facebook executive that Mark Zuckerberg should be unseated, he will face a leadership vote which will take place at the company’s annual general meeting on Thursday.

Also On TechBooky

Altman’s Return Is A Teachable Moment in AI Governance

Two New Premium Tiers Coming To X Soon – Musk

X’s U.S. Ad Revenue In Decline On A Monthly Basis

X Is Now Removing Headlines From Links In Posts

Meta Plans $14 Ad-Free Tier For Facebook And Instagram In Europe

Mark Zuckerberg is currently the company’s CEO and the chairman of the board of directors. Alex Ramos and other members of the board believe that his passion lies elsewhere and that stepping down as chairman would make him more efficient in the running of the company.

Mark Zuckerberg has 60% of the voting power, so is very unlikely to lose the vote. However, the shareholders who vote him is a reflection of how much faith they have in his leadership. Already, Stamos, last week, accused the Facebook boss of monopoly and wielding too much power globally which he thinks is unhealthy.  

According to CNN, one of the shareholders advocating for Zuckerberg’s resignation is Trillium Asset Management which owns about $7m worth of Facebook shares, and does business with other companies which also control a huge portion of the company’s shares.

“He’s holding down two full-time jobs in one of the most high-profile companies in the world right now. And if he can focus on being the CEO, and let somebody else focus on being the CEO, and let somebody else focus on being independent board chair, that would be a much better situation,” the senior vice-president at Trillium, Jonas Kron said.

He cited examples in Bill Gates and Microsoft and Larry Page and Alphabets. Both owners of their establishments are not the chairmen of their respective boards.

Stamos recommended Brad Smith, current president of Microsoft, who he thinks would be the best man for the job. Brad Smith has been with Microsoft since 1993 and rose to become general counsel in 2002. Zuckerberg had reached out to him during the Cambridge Analytica scandal to get help since he had experienced a similar ordeal. “There is a legit argument that he has too much power,” Stamos had said.

Acknowledging that he had made some mistakes in building the brand, the Facebook boss said in defence, “when you’re building something like Facebook, which is unprecedented in the world, there are things that you’re going to mess up. What I think people should hold us accountable for is if we are learning from our mistakes.”  

Related Posts:

  • doordash-ceo-tony-xu
    Metaverse: Tony Xu, Doordash CEO Joins Meta’s Board…
  • Zuckerberg-confirms-October-release
    Meta’s New VR Headset Will Launch In October, Says…
  • Sheryl-Sandberg 1
    Sheryl Sandberg Steps Down As Meta COO After 14 Years
  • 1BBF2BE7-8628-40A6-8870-E86D466F3A94
    Mike Schroepfer Quits Role As Facebook’s Chief…
  • trump inciting the crowd
    Its Official, Facebook Is Temporarily Banning Trump…
  • VRG_ILLO_3512_001.0
    Meta Is Reportedly Working On ‘Zuck Bucks’ – A…
  • zuck
    24-Hour Record Plunge: Zuckerberg In $29 Billion…
  • Faceboo-whatsapp-instagram
    Mark Zuckerberg Run Major Websites Are Down Again
Tags: enterprisefacebookleadershipMark Zuckerbergsocial mediastakeholders
Uloma Mary Omolaiye

Uloma Mary Omolaiye

BROWSE BY CATEGORIES

Freshly Squeezed

  • Altman’s Return Is A Teachable Moment in AI Governance November 27, 2023
  • 7 Hyped Innovations That Fell Short of Mainstream Adoption November 27, 2023
  • Sam Altman Is Back To OpenAI As CEO Less Than A Week After His Firing November 22, 2023
  • Breaking: Sam Altman Is Leaving OpenAI In Just A Week After Its DevDay November 17, 2023
  • No Mr Musk, You Can’t Do It All And Don’t Blame It On Wokeness November 10, 2023
  • The Airbnb Effect? A Closer Look at Housing Crises in the UK and Canada November 10, 2023

RSS More from TechBooky Africa

  • Sony’s $10 Million Fund is Transforming Africa’s Creativity & the Theatric Industry at Large.  October 18, 2023 Eni Emeka
  • The Impact of Yellow Card’s Grant on Nigerian Women and the Blockchain Industry. October 17, 2023 Eni Emeka
  • The Nigerian Start-ups That Evolved With The AI Technology Emergence October 14, 2023 Eni Emeka
  • The Impact of Starlink’s Price Drop in Nigeria. October 11, 2023 Eni Emeka
  • CoverAI’s Acquisition by Writesea, a New York-Based Firm. October 11, 2023 Eni Emeka
  • The Rise and Fall of Ghanaian FinTech Dash October 9, 2023 Eni Emeka
  • Starlink Set Up Shop in Zambia. October 7, 2023 Eni Emeka
  • The FTX-Backed Bridge Network In-House Commotion By Cofounders Tussle For Power.  October 6, 2023 Eni Emeka
  • Seven Unique Takes on Ranking the Android Foldable Phones of 2023. October 2, 2023 Eni Emeka
  • PayDay Potential Sale Stirs Reactions Based On The Recently Acquired $3M Investment Equity.  September 22, 2023 Eni Emeka

Receive top tech news directly in your inbox

Loading

RSS More from TechBooky Business

  • Palantir Beats Earnings Expectations and Raises Guidance November 5, 2023 Femi Balo
  • Block’s Remarkable Q3 Earnings Report Sparks Investor Frenzy November 3, 2023 Femi Balo
  • Apple Q4 Earnings Report: Surprises and Shifts November 3, 2023 Femi Balo
  • AMD Reports Q3 Earnings Exceeding Expectations and Highlights a Positive 2024 Outlook November 1, 2023 Femi Balo
  • Samsung Reports Strong Q3 Earnings Amid Signs of Chip Market Stabilization October 31, 2023 Femi Balo
  • Pinterest’s Impressive Third-Quarter Earnings Report and Outlook October 31, 2023 Femi Balo
  • ON Semiconductor Faces Market Challenges Despite Strong Q3 Earnings October 31, 2023 techbookybusiness
  • Huawei Records Stable Q3 Revenue Despite Challenges October 27, 2023 Femi Balo
  • Intel’s Strong Q3 Earnings Propel Stock Up in After-Hours Trading October 27, 2023 Femi Balo
  • Amazon Surpasses Expectations In Q3 Earnings Report October 27, 2023 Femi Balo

Browse Archives

December 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Nov    

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 17,656 other subscribers.

Receive top tech news directly in your inbox

Loading

Popular Tags

AI (317) amazon (97) android (305) app (664) Apple (504) artificial intelligence (341) business (419) china (117) cloud (141) cryptocurrency (164) ecommerce (112) enterprise (259) facebook (482) gadget (508) gaming (183) google (580) government (403) guest post (109) instagram (147) internet (389) ios (262) iphone (221) microsoft (285) mobile (321) new feature (329) nigeria (283) privacy (146) research (135) samsung (154) security (387) smartphone (257) social media (721) software (460) startup (272) streaming (149) telecom (159) tips (352) transport (109) twitter (256) united states (205) users (158) videos (116) website (166) whatsapp (136) youtube (110)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

RSS African Tech News

  • Sony’s $10 Million Fund is Transforming Africa’s Creativity & the Theatric Industry at Large.  October 18, 2023 Eni Emeka
  • The Impact of Yellow Card’s Grant on Nigerian Women and the Blockchain Industry. October 17, 2023 Eni Emeka
  • The Nigerian Start-ups That Evolved With The AI Technology Emergence October 14, 2023 Eni Emeka
  • The Impact of Starlink’s Price Drop in Nigeria. October 11, 2023 Eni Emeka
  • CoverAI’s Acquisition by Writesea, a New York-Based Firm. October 11, 2023 Eni Emeka
  • The Rise and Fall of Ghanaian FinTech Dash October 9, 2023 Eni Emeka
  • Starlink Set Up Shop in Zambia. October 7, 2023 Eni Emeka
  • The FTX-Backed Bridge Network In-House Commotion By Cofounders Tussle For Power.  October 6, 2023 Eni Emeka
  • Seven Unique Takes on Ranking the Android Foldable Phones of 2023. October 2, 2023 Eni Emeka
  • PayDay Potential Sale Stirs Reactions Based On The Recently Acquired $3M Investment Equity.  September 22, 2023 Eni Emeka

RSS Business Tech News

  • Palantir Beats Earnings Expectations and Raises Guidance November 5, 2023 Femi Balo
  • Block’s Remarkable Q3 Earnings Report Sparks Investor Frenzy November 3, 2023 Femi Balo
  • Apple Q4 Earnings Report: Surprises and Shifts November 3, 2023 Femi Balo
  • AMD Reports Q3 Earnings Exceeding Expectations and Highlights a Positive 2024 Outlook November 1, 2023 Femi Balo
  • Samsung Reports Strong Q3 Earnings Amid Signs of Chip Market Stabilization October 31, 2023 Femi Balo
  • Pinterest’s Impressive Third-Quarter Earnings Report and Outlook October 31, 2023 Femi Balo
  • ON Semiconductor Faces Market Challenges Despite Strong Q3 Earnings October 31, 2023 techbookybusiness
  • Huawei Records Stable Q3 Revenue Despite Challenges October 27, 2023 Femi Balo
  • Intel’s Strong Q3 Earnings Propel Stock Up in After-Hours Trading October 27, 2023 Femi Balo
  • Amazon Surpasses Expectations In Q3 Earnings Report October 27, 2023 Femi Balo

Recent News

Altman’s Return Is A Teachable Moment in AI Governance

Altman’s Return Is A Teachable Moment in AI Governance

November 27, 2023
7 Hyped Innovations That Fell Short of Mainstream Adoption

7 Hyped Innovations That Fell Short of Mainstream Adoption

November 27, 2023
Sam Altman Is Back To OpenAI As CEO Less Than A Week After His Firing

Sam Altman Is Back To OpenAI As CEO Less Than A Week After His Firing

November 22, 2023
Breaking: Sam Altman Is Leaving OpenAI In Just A Week After Its DevDay

Breaking: Sam Altman Is Leaving OpenAI In Just A Week After Its DevDay

November 17, 2023
No Mr Musk, You Can’t Do It All And Don’t Blame It On Wokeness

No Mr Musk, You Can’t Do It All And Don’t Blame It On Wokeness

November 10, 2023
The Airbnb Effect? A Closer Look at Housing Crises in the UK and Canada

The Airbnb Effect? A Closer Look at Housing Crises in the UK and Canada

November 10, 2023
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite