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A Member of Congress Wants Mark Zuckerberg Fired From Facebook. That's Basically Impossible

 A year ago   •     2   •     194

Facebook's CEO, Mark Zuckerberg

Mark Zuckerberg’s pretty unpopular these days. Facebook users are furious after a seemingly endless series of privacy scandals. And shareholders and at least one U.S. Representative in Washington are calling for him to be fired.

Zuckerberg, though, likely isn’t worried.

Despite escalating cries for his ouster from Facebook and the fact that it’s a publicly traded company, Zuckerberg’s power at the social media site is largely absolute. The dual-class structure of the company’s stock means he has 51% of the voting power. In other words: What Zuck wants, Zuck gets.

Even if that weren’t a factor, it’s unlikely the Facebook board would ever call for a vote to have him removed from the company. Facebook’s bylaws give him the ability to remove any director “with or without cause”. If he senses a rebellion, he can easily wipe it out. (Witness Trillium Asset Management’s failure in its quest to separate Zuckerberg’s chairman and CEO roles.)

That does not keep critics outside of the company silent, though.

“The American people are tired of the excuses, the lies, and the deliberate evasion,” said Rep. Bobby Rush (D-Ill.), who sits on the House Subcommittee on Communications and Technology, in a statement. “It is utterly appalling that we are only presented with the truth when it has been exposed. … It is time for new leadership at Facebook and it is time for Mark Zuckerberg to log out.”

Scandals like Cambridge Analytica and this week’s revelation the company made users’ friends and private messages accessible to companies including Microsoft and Netflix might cost him money, but Zuckerberg has repeatedly said he has no plans to resign from the company.

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Source     fortune.com

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4 ROUTES TO TAKE AFTER GRADUATION
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MAX INT’L OUTLINES STRATEGIES TO CONTRIBUTE TO GHANA’S ECONOMIC GROWTH
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  12 months ago      0
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  12 months ago      0
THE 5 TYPES OF MENTORS YOU NEED IN YOUR LIFE
Everyone can use a mentor. Scratch that — as it turns out, we could all use five mentors. “The best mentors can help us define and express our inner calling,” says Anthony Tjan, CEO of Boston venture capital firm Cue Ball Group and author of Good Pe
  A year ago      0
HOW TO EASILY MAKE MONEY FROM YOUR BLOG IN GHANA
Blogging has become a great career and many people are making huge money from it. Gross payments earned from blogging only doesn’t pay your hosting and renewal bills, it extends to the payment of your internet usage bills and others—a lot of people li
  7 months ago      0
WHY ARE SO MANY PROFESSIONALS JOINING THIS NEW GHANAIAN WEBSITE? WHY THIS WEBSITE?
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  6 months ago      0
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Mr Kofi Safo Akyea, a Corporate Executive in Residence (CEiR) has said the banking challenges have laid bare serious issues in the field of financial services marketing, especially with regards to customer and retail banking.
  12 months ago      0
WHY YOU NEED TO START USING AN ONLINE PLATFORM TO SELL YOUR SERVICES AND ALSO TO ADVERTISE YOUR JOB.
There are so many profitable ways of selling your services online. People looking for your services are not in your WhatsApp group or any other group you join. They are searching for your services on professional and specific platforms. So why waste your
  12 months ago      1
THEY CALL IT ‘INNOVATIVE ACCOUNTING’ - A-G BLAMES ACCOUNTANTS FOR CORRUPTION
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  A year ago      0
STARTING A NEW JOB IS STRESSFUL. BUT WHAT IF THERE WAS A BETTER WAY TO DO IT?
By using the first day as a time for people to tap into their best selves — and not just fill out paperwork — companies could ease their stress and bring out their full potential, says business school professor Daniel Cable.
  A year ago      0
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User is a programmer from Kumasi.