CAN SOMEONE MAKE A QPROOF! THIS IS HUGE
ByJon Swartz July 26, 2018 2:56 p.m. ET
Photographer: David Paul Morris/Bloomberg
Photographer: David Paul Morris/Bloomberg
Its shares falling off a proverbial cliff, Facebook (FB) faces immense pressure from investors as never before. [It slumped 19%, to $176.26 today, shedding $119.1 billion in market value.]
No one is feeling more heat than Chief Executive Mark Zuckerberg, who is also chairman of the company he co-founded. On top of that, at least one investor wants to shut off the air conditioning.
Trillium Asset Management filed a shareholder proposal June 29 asking the company to remove Zuckerberg as chairman, weeks before the company announced disappointing results Wednesday. Its the latest among investors who want a change.