Powerless investors vote overwhelmingly to oust Mark Zuckerberg as chairman

Independent Facebook investors voted overwhelmingly in support of proposals to fire Mark Zuckerberg as chairman and scrap the firm’s share structure. According to the results of votes at Facebook’s annual shareholder meeting last week, 68% of outside investors want the company to hire an independent chairman. In a filing on Monday, Facebook revealed how investors voted on a raft of proposals at its annual shareholder meeting last week — and the results underline the unrest among outside investors.

Source: www.businessinsider.com