[TechWeb] May 31-according to foreign media reports, seven U.S. state treasurers support the separation of Facebook CEO Zuckerberg (Mark Zuckerberg) chairman and the appointment of an independent chairman of the shareholder proposal.
State treasurers in Pennsylvania, Massachusetts and Vermont said Facebook needed an independent chairman to compete with the chief executive and regulate it more autonomously in the wake of the company's data and privacy scandals. These state treasurers manage investment in Facebook on behalf of their state governments.
However, at the Facebook Annual General Meeting held on Thursday, the proposal was rejected and Zuckerberg will continue to serve as the chairman of Facebook. Zuckerberg has an overwhelming voting power.
At the close on Thursday, Facebook shares rose 0.45% to $183.01, with a total market capitalization of about $522.4 billion.