Mark Zuckerberg Resignation Demanded by Facebook Investors

Facebook Investors want the Chairman and CEO of Facebook Mark Zuckerberg to resign from his post. Pressure is increasing on Facebook CEO to step down. After the New York Times investigation said that a Republican-owned political consulting and PR firm was hired by Facebook to “dug up dirt on its competitors”.
Then the Senior Vice President at Trillium Asset Management Jonas Kron who has a considerable stake in Facebook, “called on Zuckerberg to step down as board chairman in the wake of the report”.

Kron said, “Facebook is behaving like it’s a special snowflake. It’s not. It is a company and companies need to have a separation of chair and CEO.”

According to the New York Times report a conservative firm Definers Public Affairs was hired by Facebook to “dug up dirt on the company’s competitors and its critics”.

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Kron said, “After reading the article, I got on the phone with our team and we are no longer working with this firm.”

As per claims Definers, “encouraged the depiction of Facebook’s critics as anti-Semites and had published news articles criticizing Facebook’s competitors”.

Natasha Lamb from Arjuna Capital who is also a Facebook Investor said that CEO and Chairman’s role is that “Facebook can avoid properly fixing problems inside the company.”

Facebook COO Sheryl Sandberg has denied any knowledge of the firm. Facebook said that the firm was consulted to look into the “Freedom from Facebook” funding to understand that it was not just a spontaneous grassroots campaign “but supported by a well-known critic of our company,”

The company said, “To suggest that this was an anti-Semitic attack is reprehensible and untrue.”