Facebook faces renewed push to split CEO, chairman roles amid controversies

By David DiMolfetta, Oct 14, 2021

Facebook Inc. founder Mark Zuckerberg will face renewed calls from investors to ease his iron grip on the company after another wave of scandal engulfed the social network operator.

Shareholders in 2022 will seek to split the roles of CEO and chairman, both currently held by Zuckerberg, to create an independent chair seat, marking the fourth year in a row for such a proposal, according to Illinois State Treasurer Michael Frerichs, who is helping to lead the push. Calls for greater oversight have grown after whistleblower Frances Haugen revealed that Facebook management was aware of how its platforms have harmed some users.

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