This activist group is trying to oust Mark Zuckerberg as Facebook’s chairman

Mark Zuckerberg should give up some of his control over Facebook by relinquishing his position as chairman of the board, according to a new proposal by a consumer watchdog group and a few shareholders. The proposal, led by SumOfUs, claims that Facebook's future success requires “a balance of power between the CEO and the board,” and that without a chairman who is independent of the company, Facebook could act without repercussions against investors. “An independent board chair is a necessary first step to put Facebook’s board on the path to effective representation of the interests of all shareholders,” reads the proposal, which goes on to highlight the need for greater accountability amid controversies over fake news, harassment and hate speech. The proposal was received by Facebook on Feb 3.