Facebook’s tipping point: Tech giant grapples with slower growth, calls for major leadership shakeup
As Facebook continues to struggle against “scathing reports,” NorthStar’s CEO Julie Goodridge was quoted in a recent Fox News article regarding the governance issues at Facebook:
“It’s simply not possible for Mark Zuckerberg to dig himself and the company out of this mess without help,” Goodridge told Fox News. “But because he is apparently not capable of understanding why holding all the power in this case is problematic, the only thing that will work is if the share structure is changed such that he does not have a majority vote.”
NorthStar continues to push for equal voting rights at the tech giant — a governance change that could improve CEO and board oversight. Read the full article here.