NorthStar’s proposal at Facebook leads the way for shareholder scrutiny
At the May 31 Facebook annual meeting of shareholders, NorthStar’s Chief Investment Officer, Christine Jantz, presented a proposal regarding a recapitalization plan so that each share gets one vote. Under the current share structure, shareholders are mathematically unable to “outvote” the founder Mark Zuckerberg and other insiders. This issue has never been more timely and concerning than now, given the fallout from the Cambridge Analytica data scandal and other data issues Facebook has faced (and managed poorly, in our opinion). NorthStar has been featured in a variety of news articles which highlight the strong shareholder support for this issue. Click the links below to read the press reports of the Facebook annual meeting:
