Facebook shareholders would have uphill climb ousting Zuckerberg from board
A move by a watchdog group and a small group of shareholders to oust Facebook CEO Mark Zuckerberg from his post as chairman would be an uphill battle that would be unlikely to succeed and could hurt the company, analysts said.
It would completely destabilize Facebook," said Patrick Moorhead, an analyst with Moor Insights & Strategy. "Zuckerberg still makes most of the key decisions and without him it would be a major risk… I don't see a single piece of upside in removing Zuckerberg from the board."
It's also unclear whether Zuckerberg could even be removed as chairman, since any shareholder vote would be advisory only.
The proposal is being led by Facebook shareholders who are members of SumOfUs, an international consumer watchdog group focused on "curbing the growing power of corporations."
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