BOSTON/SAN FRANCISCO - Facebook Inc investors will only get to vote on the pay of Chief Executive Mark Zuckerberg every three years, rather than annually as most outside shareholders would prefer, according to a vote tally released by the world’s largest social media company late on Monday, following its annual meeting last week.
The voting imbalance means Zuckerberg, who co-founded Facebook in his Harvard University dorm room, has been able to resist change even as his company comes under pressure from investors over data privacy and its role in elections, which have attracted scrutiny from regulators. Assuming the roughly 4 billion votes controlled by Zuckerberg and other executives and directors backed the three-year option, as the company recommended, that means about three-quarters of outside shareholders wanted an annual vote. Such a lopsided count would likely lead to change at most U.S. corporations.
RossKerber katielpaul Can they at least decide to give him enough for a decent haircut?
RossKerber katielpaul 'vote' Zuckerberg has majority shares. His vote is the only actual vote that counts.
RossKerber katielpaul He really looks like a droid
RossKerber katielpaul He looks rather odd. I wouldn't be surprised if he turned out to be a serial killer.
RossKerber katielpaul That’s what happens when an alien lizard-man is in charge
RossKerber katielpaul The Zuck’s response to this is as you would expect from AI:
RossKerber katielpaul AdamMGrant sherylsandberg facebook Shehla_Rashid TheEconomist TIME No .. I am not a beggar .. thank you ..money should have come to me before I had to reveal and open the power box. The females because of their ego and false pride have probably pushed me towards turmoil.
RossKerber katielpaul it's wild how Zuck's really out here looking and acting like Data
RossKerber katielpaul So? They'll vote.
RossKerber katielpaul When reached for comment Mark Zuckerberg responded 'beep boop'.
RossKerber katielpaul Hey, those cereal bowls cost money.
RossKerber katielpaul Learned from Trump's life story!! 🤮
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