Facebook´s CEO Mark Zuckerberg Wants To Go Into Government Without Giving Up Control Of The Company
Facebook CEO Marck Zuckerberg wants to pursue government service and at the same time retain total control of the social media network, since it was revealed through recently unsealed court filings that showed his political ambitions and the way the new stock structure allows him to take full reign of the company even if he decides to leave it for two years in order to work for the government, or even sell most of his stock. Of course, this gives him the possibilities of funding the "Chan-Zuckerberg Initiative" (his new philanthropy efforts) without any kind of issues.
An Incredible Structure To Control Shareholders
It was reported that these documents were filed as part of a shareholders lawsuit against Facebook´s board of director, after Zuckerberg proposed a major change that would dilute the voting power of the shareholders, putting three board members on a special committee to represent the shareholders in discussions.
In addition to this detail, it was also stated that Zuckerberg´s advisor Marc Andreesen was accused because of a conflict of interest since he gave him information about the board´s deliberation instead of representing the shareholders´ position. In fact, some texts messages excerpted from the court documents show that Facebook CEO and two members of the board discussed the chances of working with the government, and argued about how to explain it to shareholders. Overtly, this was a move that would definitely seem as a lack of commitment.
Facebook CEO Might Work For The Government In A Cabinet Position
Regarding this situation, it was reported that the lawsuit revealed that Bill Clinton's former chief of staff and one of the company´s board members on the special committee, Erskine Bowles, told Andreesen that he was extremely worried that the concession that Facebook CEO wanted in order to serve two years in the government without losing the social media network control, may see very irresponsible.
However, Bowles was later persuaded to Facebook CEO´s plan to go through, which was confirmed in another text message that Andreesen send to Zuckerberg, saying "Mission Accomplished." Whether it is not sure which duties could have Facebook CEO if he ended up working for the government.Many believe that he would work on a Cabinet position, giving the fact that those jobs only last two years.
Nintendo Switch Had Its First Live Gameplay Demonstration On Jimmy Fallon´s Show
The U.S. TV host played two of the most expected games of the console, and had the opportunity of the creator of both products, who ended up playing music with the show´s band.
Donald Trump And Cybersecurity: What Are The Plans To Protect The US From Cyber Threats?
When everyone was blaming Russia for the Podesta´s emails hack, Trump said that those who were behind this cyber crime could be Chinese hackers, or a very obese person laying on a bed.
How Porn Movies Helped To Influence Technology Throughout The History
If you think about it, the internet has a lot to thank to the porn industry, considering that a huge amount of people that get into the web, is just to watch pornographic content.
What Future Awaits Uber After CEO's Resignation?
Uber's Travis Kalanick succumbs to pressure from shareholders and gives up his CEO title.
Trump Leaves Paris Climate Deal Amid Warnings From Tesla, Apple, Facebook And Google
Donald Trump has been met with disdain by numerous tech leaders and the whole world, for that matter, after his decision to pull the United States out of the Paris Agreement.
MORE IN ITECHPOST
How Scars are Formed and How to Remove It
Scar formation is a result of a biological process in skin after an injury or trauma. It is formed when the dermis layer of the skin is damaged. It is our body's way to repair tissues and organs and is a natural part of the healing process. A scar tissue is composed of the same type of collagen it is replacing with. Scars lacks elasticity compared to normal tissue. There are different degrees of scarring depending on the injury the tissue is subjected to.
Six Ways You Can Modify Your Vehicle Yourself
If you aren't happy with the way your car looks or functions, your first instinct is to go to a mechanic. It's true that a qualified mechanic can do many things you can't, and they can greatly enhance the look and function of your vehicle, but that doesn't mean you have to pay outrageous prices every time you're ready for an update!
NASA Needs to Keep Up With Today’s Context of Space Exploration, Says PPIRB
Planetary Protection Independent Review Board (PPIRB) calls NASA to update planetary protection policies
How Much is the PlayStation 5 Going to Cost You?
Multiple sources has revealed how much PlayStation 5 will be, which is launching in 2020.