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Mark Zuckerberg says stepping down as Facebook chairman would be a bad idea

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Peter Merchant
Nov 16, 2018 10:15
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Mark Zuckerberg said he has no intention of stepping down as Facebook chairman.

That's despite fresh calls from investors to split his dual role as CEO and chairman after an explosive New York Times investigation into Facebook's crisis management.

Zuckerberg shifted the focus to other initiatives, including creating an independent body to help Facebook make decisions about whether controversial content should be deleted.

The Times investigation prompted fresh calls from investors for Zuckerberg to relinquish his dual role as CEO and chairman, and appoint an independent director to oversee the board.

"A company with Facebook's massive reach and influence requires robust oversight and that can only be achieved through an independent chair who is empowered to provide critical checks on company leadership," said Scott Stringer, the New York City comptroller.

Read more: Mark Zuckerberg's spectacular failure of leadership shows why some Facebook investors are desperate to fire him

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Peter Merchant
Nov 16, 2018 10:15
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