1. Facebook Dive Sparks Investor Calls to Loosen Zuckerberg's Grip

    Facebook Dive Sparks Investor Calls to Loosen Zuckerberg's Grip

    Facebook Inc. has always had one absolute leader, cemented by a share class structure that maintained Mark Zuckerberg’s voting control even when he sold millions of shares. Some investors grumbled, but most were happy to stay quiet as the stock surged. This week’s plunge upended that dynamic, increasing calls for changes at the top. “It’s never an issue until things go wrong,” said Pivotal Research Group analyst Brian Wieser...

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    1. Zuckerberg answers only to Zuckerberg.
    2. Facebook's governance structure remains below industry standards, with a large amount of authority concentrated in the founder and CEO.
    3. That's exactly what an independent board chair does.
    4. It is difficult to escape the conclusion that there are systemic problems in the ways Facebook has been managed.
    5. Someone with gravitas, someone with vision, business and technology chops.
    6. When Microsoft got to the other side of that, they had an independent chair.
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