Facebook Investors Vote for Change at Top. But They Can’t Win
- Zuckerberg’s voting power overweighed backing for new chairman
- Shareholders, apart from co-founder, sought greater control
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Facebook Inc. Chief Executive Mark Zuckerberg has himself to thank for the fact he’s still chairman of the company’s board.
Results from the Facebook’s annual shareholder meeting last week show that many of the investor proposals intended to limit Zuckerberg’s power over the company he co-founded would have passed -- if not for Zuckerberg’s voting power.