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Mark Zuckerberg Declines to Make Mark Zuckerberg Less Powerful

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Charles Janow
May 30, 2019 21:00
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Mark Zuckerberg is still in power at Facebook.

At the company’s annual meeting today, Facebook stockholders rejected multiple proposals to limit the power of the social network’s founder and executive.

So when I say “Facebook stockholders” made a decision, that’s technically the truth, but really it’s Zuckerberg himself who gets to decide just how much power Zuckerberg retains at the company.

Unless he votes to limit his own power in the company, proposals like these are doomed to fail at the meetings—they do, however, succeed in raising the critic’s myriad complaints to a wide audience at a sensitive and important moment for the company.

Issues including free speech, safety, US election interference, and privacy problems from Facebook’s recent dizzying cycle of scandal-apology-scandal were used as sharp attacks against Zuckerberg.

After shutting down the latest mini-revolt—it’s not yet clear how many shareholders voted to give Zuck the boot—Zuckerberg came on stage and reiterated his promises to change the way the company makes progress on those issues.

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Charles Janow
May 30, 2019 21:00
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