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Calls for Facebook (NASDAQ: FB) CEO Mark Zuckerberg to give up role grow louder

  • Public pension funds from several states have asked Mark Zuckerberg to relinquish his role as chairman. 
  • Zuckerberg, along with insiders, have control of about 60% of Facebook’s (NASDAQ: FB) voting power.

Even as the Federal Trade Commission readies to hit Facebook with a multibillion-dollar penalty, large investors and politicians are calling for CEO Mark Zuckerberg to exit his role as Chairman, citing massive support from outside investors. Facebook’s shareholder meeting last week received overwhelming support from 68 per cent of outside shareholders to turn the role of chairman into an independent position.