1. Facebook must do some 'deep soul searching' about Mark Zuckerberg's power after a huge shareholder revolt

    Facebook must do some 'deep soul searching' about Mark Zuckerberg's power after a huge shareholder revolt

    Chip Somodevilla/Getty Images; Samantha Lee/Business Insider Some 68% of independent Facebook investors voted to oust Mark Zuckerberg last month, cementing a vocal campaign for the firm to appoint an independent chairman. The tiny activist investor behind the vote, Jonas Kron, said it should be the catalyst for a period of "deep soul searching for the Facebook board."

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    1. These are highly respected, well qualified, accomplished individuals. They are in a position to look at the votes and speak up as advocates for independent shareholders.
    2. We do not believe that requiring the Chair to be independent will provide appreciably better direction and performance, and instead could cause inefficiency in board and management function and relations.
    3. We're not hitting the breaks on this.
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