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A powerful activist investor group called for Mark Zuckerberg to step down in a statement today, citing new admissions of irresponsibility in the CEO’s planned testimony to the House Energy and Commerce Committee.
Mark Zuckerberg's prepared testimony highlights a simple fact: He doesn't understand how a large, global and publicly-held company is run.
It is long past time for Facebook to separate the roles of company CEO and Chairman.
We think there needs to be more board oversight.