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Major Facebook Investors Want Mark Zuckerberg Out as Chairman

Major Facebook buyers, together with public pension finances and state officers, are pushing for Mark Zuckerberg’s ouster as chairman of the company’s board. From a file: The proposal is in large part symbolic, since Zuckerberg holds absolute regulate of the board. But it comes at a troublesome time for Facebook, as security breaches plague the corporate and spur questions round company oversight. “We need Facebook’s insular boardroom to make a serious commitment to addressing real risks — reputational, regulatory, and the risk to our democracy — that impact the company, its share owners, and ultimately the hard-earned pensions of thousands of New York City workers,” New York City Comptroller Scott Stringer stated in a commentary to CNBC. Stringer joined a prior movement by way of Trillium Asset Management in calling for Zuckerberg to step down.

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