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Facebook rejects proposal to replace Mark Zuckerberg as Chairman
short by Hiral Goyal / on Thursday, 27 May, 2021
Facebook's board has rejected proposals that were intended to diminish its CEO Mark Zuckerberg's control over the company. One of the proposals sought to replace Zuckerberg as Chairman, who has served in this position since 2012, with an independent representative. The other proposal aimed to eliminate the special class of super-voting shares that gives Zuckerberg a controlling stake in Facebook.
read more at Hindustan Times