Articles from Jake Kanter (feedback@businessinsider.com)
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The New York Times exposé on Facebook's crisis management exposes a spectacular failure in leadership from CEO Mark Zuckerberg.
The report suggests he was at best uninterested in some of the scandals that engulfed his company, and at worst, complicit in exacerbating them.
It's red meat to powerful investors who want to oust Zuckerberg as chairman...
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Facebook shareholders with nearly $3 billion invested in the company are trying to topple Mark Zuckerberg as chairman and tear up the company's governance structure.
Business Insider has spoken to six prominent shareholders who said there is an unprecedented level of unrest among Facebook's backers following a series of scandals...
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Facebook has beefed up the power of its audit committee, which is chaired by former White House chief of staff Erskine Bowles.
The committee will monitor Facebook's social impact, privacy safeguards, and cybersecurity risk.
It is being seen as a major concession to shareholders, who have campaigned for a risk committee.
They welcomed the news, but said Facebook will be judged by its actions, not its promises...
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Reuters
Another Facebook shareholder has called on the company to overhaul its governance after the Cambridge Analytica data scandal.
The California State Teachers' Retirement System said Facebook's dual-class share structure means the firm operates like a "dictatorship."
Other shareholders have called on CEO Mark Zuckerberg to resign as chairman because he has too much control over the company...
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