During the Collision Conference in Toronto on Tuesday, former Facebook security chief Alex Stamos said Mark Zuckerberg should find someone to run the company instead, which would allow him to return to their work of building products.
“There is a legitimate argument that he has a lot of power. He needs to give up that power. If I were him, I would hire a new CEO for the company, “. Said Stamos, who left the company in 2018.
The social network has grown rapidly in recent years. Thanks to other acquisitions made by Facebook, such as Instagram and WhatsApp. Critics also believe that because of the company’s great power, it needs to be kept under control.
The former chief of security further completed; “He should hire a CEO who can help signal internally and externally that culture needs to change.”. Stamos even suggested a name for this possible replacement; Microsoft president Brad Smith.
Historic
Since last year, Zuckerberg and Facebook have gone through a number of issues involving privacy and security, including the Cambridge Analytica scandal. Stamos is well acquainted with the issue as he played a central role in Facebook’s response to Russian troll attacks in the 2016 presidential elections in the United States. In addition, it has the reputation of confronting other company leaders about privacy-challenging issues.
It is not the first time that the creator of the social network suffers with the words of former employees. Chris Hughes, cofounder of Facebook, said earlier this month that the company should dissolve.
Facebook’s former chief communications officer, Elliot Schrage. Has blamed himself for hiring political marketing firm Definers Public Affairs to attack critics and competitors of billionaire social network Mark Zuckerberg. Even if the statement is true and alleviates the pressure on Sheryl Sandberg’s chief of operations. The center of the New York Times scandal involving Definers, and Zuckerberg himself. It is another sign of maladministration. Which has so much fear for Facebook investors, as well as observers. Concerned about the social and political impacts of interactive media – and its more than 2 billion users.
Amid Schrage’s mea culpa, Zuckerberg gave an interview to CNN late Tuesday (20) in which he made it clear that leaving the chairmanship of the company board “is not the plan”, even now after the rebound of the new scandal. The possibility of exit was proposed by shareholders last month. He also said he would keep Sandberg in charge. Although the New York Times reported that she was responsible for most of the controversial decisions. Such as ignoring the domestic investigation into Russian influence in the 2016 US elections. She has been an important partner to me for the last ten years. I am very proud of the work we have done together, and I hope we will work together in the decades to come, “said Zuckerberg
Despite the comments, there are increasing requests from investors for Facebook to appoint an independent president. Jonas Kron, senior vice president of Trillium Asset Management, a US investor who has a heavy stake in the social network, said Zuckerberg will have to relinquish his role as president.
“Facebook is behaving like a special snowflake,” he said.
“It’s a company, and companies need to have a separation of president and CEO.” Zuckerberg’s control is “an exercise to hide that there is a problem, rather than admitting that there is a problem and establishing a roadmap for resolving it “said investor Natasha Lamb, partner and manager of Arjuna Capital.
Zuckerberg owns 60% of the company and serves as chairman of the Board of Directors in addition to his role as CEO. “Zuckerberg’s dominance has not helped run the company in recent years. And shares have fallen more than $ 100 billion twice this year. And you can link them directly to these platform issues,” Natasha emphasized.
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