Facebook founder Mark Zuckerberg survived an attempt by shareholders to oust him as the company’s chairman.
Shareholders were able to vote on Zuckerberg’s leadership of the company during an annual meeting on Thursday, May 31, 2019.
Zuckerberg is Facebook’s CEO and chairman of its board of directors.
Although certain shareholders wanted the Facebook founder to step down, his control of 60% of voting power ensured that the only way he would lose is if he voted against himself.
Some investors encouraged him to step down because they believe this move would help him dedicate more time to running his company.
One group of investors, Trillium Asset Management, made the case for Zuckerberg’s departure as chairman. This group holds Facebook shares worth $7 million.
Jonas Kron, senior vice-president at Trillium, told the BBC prior to the vote that “If he can focus on being the CEO, and let somebody else focus on being independent board chair, that would be a much better situation.”
Kron said that Zuckerberg should follow in the footsteps of Google’s Larry Page and Microsoft’s Bill Gates, who are their respective company’s founders but not chairmen.
At the annual meeting, Zuckerberg refused to answer a question from a shareholder asking him why he would not appoint an independent chairman.
There were several groups of demonstrators outside this meeting. One side of demonstrators argued that Facebook did not protect minority groups. Another group of counter-demonstrators argued that Facebook “censored conservative voices.”
Reuters reported that some shareholders said Facebook was a “hostile work environment” for people holding conservative views. A group of shareholders have asked the company to produce a diversity report highlighting the company’s political views.
Alex Stamos, former security chief at Facebook, joined in the calls for Zuckerberg to step down as chief executive.
At the Collision Conference in Canada in May, Stamos contended that “There’s a legit[imate] argument that he has too much power.”
Zuckerberg defended his management of Facebook stating that “When you’re building something like Facebook, which is unprecedented in the world, there are things that you’re going to mess up.”
The social media magnate concluded:
What I think people should hold us accountable for is if we are learning from our mistakes.
Facebook has recently come under flack for its suspension of conservatives such as Paul Joseph Watson and Milo Yiannopoulos. Social media has made it clear that it is on the side of political correctness culture and will work to stamp out anyone who dares to challenge the status quo.
These purges are very likely only the beginning as the 2020 elections start to heat up.
U.S. Law Enforcement Bust 27 People Connected to Mexican Sinaloa Cartel
Over two dozen people were arrested on drug charges in connection to a Mexican cartel smuggling cocaine into the U.S. Following a two-year investigation, 27 people were arrested through Operation Tripwire, an investigation effort U.S. officials have been working on featuring members of the Sinaloa Cartel.
The trafficking network went from Los Angeles, California to Tucson, Arizona and Pittsburgh, Pennsylvania where cocaine originating from Mexico was smuggled stateside. The United States Attorney for the Western District of Pennsylvania, Scott Brady declared “this is a large organization that was trafficking hundreds of kilograms of cocaine throughout the country and has direct ties to the Sinaloa cartel in Mexico.”
U.S. authorities recounted that the investigations started after an agent in Pittsburgh was able to identify an address that received large quantities of suspicious-looking packages coming from California. Since then, agents started to do investigation on other members of the network across the U.S.
Across the span of seven months, authorities were able to intercept U.S. calls made by some of the alleged traffickers with Sinaloa carte leaders in Mexico. On September 9, 2020, 27 were arrested in Arizona, California, and Pennsylvania.
According to American authorities, $1.3 million in cash and over 140 kilograms of cocaine were seized. The aforementioned people arrested are now facing a prison sentence of between 10 years and life in prison.
The border situation is no joke. Prior administrations have largely neglected the issue and have allowed for unprecedented levels of illegal immigration and drug trafficking to cross the U.S. border.
In a prior instance, BLP reported on how Mexico is a failed state that cannot maintain public order and is largely being pushed around by cartels. Due to its proximity to the U.S., Mexico’s problems will likely spillover stateside.
This is why border security is crucial. Thankfully, the U.S. has a president in Donald Trump that gets the memo. He’ll still need help from Congress, however,
That’s why it’s crucial that America First Republicans have strong showings at all branches of government in 2020.
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