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.
Rapper Lil Wayne Breaks the Silence on George Floyd’s Death
On May 29, 2020, Lil Wayne commented on the death of George Floyd.
The controversial death involved Minneapolis Police Department officer Derek Chauvin placing his knee on Floyd’s neck as he was handcuffed on the ground.
“I think when we see these situations, I think we also have to understand that we have to get very specific. … And what I mean by that is we have to stop viewing it with such a broad view, meaning we have to stop placing the blame on the whole force and the whole everybody or a certain race or everybody with a badge,” Wayne remarked during an IG Live chat with rapper Fat Joe.
Wayne added: “We have to actually get into who that person is. And if we want to place the blame on anybody, it should be ourselves for not doing more than what we think we’re doing.”
On top of that, the New Orleans rapper explained why he doesn’t always go public on these political issues.
“What else am I gonna do after that?” Wayne said to Fat Joe. “Some people put a tweet out and they think they did something. Some people wear a shirt and they think they did something. What you gonna do after that? Did you actually help the person? Did you actually help the family? Did you actually go out there and do something? So, if I ain’t about to do all that, then I ain’t about to do nothing. I’ll pray for ya.”
Wayne shared more of his thoughts regarding how people should process information during times of controversy.
“It’s actually learning about it,” Wayne commented. “What we need to do is we need to learn about it more. If we wanna scream about something, know what we’re screaming about. If we wanna protest about something, know what we’re protesting about. Because if we wanna get into it, there’s a bunch of facts that we think we know that we don’t know. … We scream about things that, sometimes, they really ain’t true.”
Wayne and Joe’s full discussion can be viewed below:
Riots have spread to other cities across the U.S., which included Minneapolis, where Floyd was killed. On May 29, Derek Chauvin received charges of murder and manslaughter in the killing of Floyd.
Derek Chauvin officially charged in death of #GeorgeFloyd with third-degree murder and manslaughter.
— Complex (@Complex) May 29, 2020
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