Mark Zuckerberg Under Pressure To Quit Facebook Board

Mark Zuckerberg Under Pressure To Quit Facebook Board

By Wires | The Trent on April 8, 2018
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Mark Zuckerberg, Facebook, Warren Buffett, Bernard Arnault
Mark Zuckerberg, founder and CEO of Facebook

Mark Zuckerberg the founder of Facebook should quit the Facebook board to protect user privacy said investor Scott Stringer on Monday, April 2, 2018.

Stringer oversees New York City’s pension fund investments with an almost 1 billion dollars stake in the social media platform.

The financial officer said an independent chairman for the board was needed to ensure privacy safeguards after revelations that data was harvested from more than 50 million Facebook accounts by Cambridge Analytica.

Earlier, the Facebook CEO defended his leadership following criticism from Apple’s Tim Cook.

Mark Zuckerberg said that Cook’s suggestion that his company did not care about users was “extremely glib.”

Zuckerberg owns a controlling stake in Facebook, meaning he will have the final say in any changes to the board. Comments on Monday, April 2, 2018, regarding the governance of Facebook suggest that he has no intention of stepping down as chairman.

Cook criticized Facebook last week in the aftermath of the Cambridge Analytica scandal, saying it was an “invasion of privacy” to traffic the personal data of users.

When asked what he would do if he were Zuckerberg, Cook said he “wouldn’t be in that situation.”

Read more at Vanguard

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