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These investors control $3 billion of Facebook stock — and they want to take Zuckerberg down


No love for Ginger Zuckernerd.

http://www.businessinsider.com/facebook-investors-scared-will-implode-unless-mark-zuckerberg-toppled-2018-6

Shareholders with nearly $3 billion invested Facebook are trying to topple Mark Zuckerberg as chairman and tear up the company's governance structure.

Business Insider has spoken with six prominent shareholders who said there was 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 US 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."

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