Similar Stories to Facebook Investors Boasting $3 Billion In Shares Want To Topple 'robber Baron' Mark Zuckerberg on Bing News

David Ramos/Getty; Skye Gould/Business Insider Facebook shareholders with nearly $3 billion invested in the company are trying to topple Mark Zuckerberg as chairman and tear up the company's governance structure. Business Insider has spoken to six prominent shareholders who said there is an unprecedented level of unrest among Facebook's backers following a series of scandals. They are in open revolt about Zuckerberg's power base, which gives him the ability to swat away any shareholder proposal he disagrees with. One investor compared him to a robber baron, a derogatory term for 19th century America tycoons who accumulated enormous wealth. Facebook says its governance structure is "sound and effective" and splitting Zuckerberg's duties as chairman and CEO would cause "uncertainty, confusion, and inefficiency." Facebook investors boasting nearly $3 billion (£2.3 billion) in shares are making moves to topple Mark Zuckerberg as chairman and tear apart his power base at the company. Business Insider has spoken to six prominent shareholders who are growing increasingly restless about the way Facebook is run, and ever more vociferous in their demands for change.See the rest of the story at Business InsiderNOW WATCH: This conveyor belt can move in any directionSee Also:16 of the biggest leaders in Silicon Valley reveal the one thing they would tell their teenage selvesPeople are complaining that Facebook is ruining its products with an onslaught of relentless notificationsMark Zuckerberg asks Facebook users to donate to help migrant families: 'We need to end this policy right now'SEE ALSO: Mark Zuckerberg is acting like a man who can’t be fired — and the unique way his stock is structured could be why

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Caitlin Clark sidelined from women's Olympic basketball team: reports
Business Insider, Saturday - 06/08/2024 - 10:48 PM
Caitlin Clark won't be headed to this year's Olympic games in Paris, according to multiple reports. David Berding/Getty ImagesCaitlin Clark, guard for the Indiana Fever, is the top US woman rookie in the WNBA. Despite being invited to the national team's training camp, she won't be headed to the Olympics.
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'Wordle' today: Here's the answer hints for June 9
Mashable, Saturday - 06/08/2024 - 10:00 PM
Oh hey there! If you're here, it must be time for Wordle. As always, we're serving up our daily hints and tips to help you figure out today's answer. If you just want to be told today's word, you can jump to the bottom of this article for June 9's Wordle solution revealed.
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NYT Connections today: See hints and answers for June 9
Mashable, Saturday - 06/08/2024 - 09:00 PM
Connections is the latest New York Times word game that's captured the public's attention. The game is all about finding the "common threads between words." And just like Wordle, Connections resets after midnight and each new set of words gets trickier and trickier—so we've served up some hints and tips to get you over the hurdle.
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Peak and Off-Peak Energy Explainer: Here’s the Cheapest Time to Use Electricity - CNET
CNET, Saturday - 06/08/2024 - 09:00 PM
Electricity costs are rising, but you can save money by using electricity and running appliances at these specific times of day. Find out the best time of day to run large appliances or crank up the AC.
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Google's new CFO Anat Ashkenazi raked in a nearly $10 million signing bonus
Business Insider, Saturday - 06/08/2024 - 08:25 PM
Google's parent company, Alphabet, on Wednesday announced the appointment of its new CFO, former Eli Lilly executive Anat Ashkenazi. Melina Mara/The Washington Post via Getty ImagesAlphabet, Inc. on Wednesday announced the appointment of its new CFO, Anat Ashkenazi. Ashkenazi previously worked at Eli Lilly for more than two decades. She will receive a nearly $10 million signing bonus, $1 million salary, and stock options.
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Low Cap AI Meme Coin Surges to $5 Million in Presale, Poised for Massive Growth
ReadWriteWeb, Saturday - 06/08/2024 - 05:24 PM
WienerAI simplifies cryptocurrency investing by utilizing artificial intelligence to create a practical trading bot that analyzes markets and offers profit-boosting assistance. Unlike other AI crypto projects that focus solely on data analysis, WienerAI prioritizes enhancing the crypto journey. WienerAI infuses AI into cryptocurrency with a playful twist, uniting users around the idea of AI and organic collaboration for a fun and functional experience. WienerAI’s feature-packed platform backed by a $5 million presale WienerAI has recently achieved a significant milestone by raising over $5 million in funding, marking a remarkable achievement for a project still in its presale stage.
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Similar Stories to Facebook Investors Boasting $3 Billion In Shares Want To Topple 'robber Baron' Mark Zuckerberg on Bing News

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