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Investors are calling on Facebook CEO Mark Zuckerberg to step down following a report a conservative consulting firm used 'black ops' style techniques to deflect criticism from the social networking giant.
Jonas Kron, senior vice president at Trillium Asset Management which owns an £8.5m stake in Facebook, called on Zuckerberg to step down as board chairman, telling The Telegraph: 'Facebook is behaving like it's a special snowflake. It's not. It is a company and companies need to have a separation of chair and CEO.'
Facebook - Officer - Sheryl - Sandberg - Friday
Facebook's chief operating officer Sheryl Sandberg on Friday pledged a 'thorough' review of its use of a conservative consulting firm.
Sandberg dismissed a suggestion reported by NBC News that Definers Public Affairs acted as a 'fake news' operation to help Facebook deal with a public relations crisis over its handling of Russian misinformation.
Anyone - News - Sandberg - CBS - Morning
'We absolutely did not pay anyone to create fake news. That, they have assured me, was not happening,' Sandberg told CBS This Morning.
'And again, we're doing a thorough look into what happened but they have assured me that we were not paying anyone to either write or promote anything that was false. And that's very important.'
Facebook - Definers
She said she was unaware Facebook was working with Definers.
Investor Natasha Lamb, of Arjuna Capital, told The Telegraph that Zuckerberg's role as chairman and chief executive means the social network can avoid fixing problems in the company.
Concentration - Power - Lot - Defensiveness - Company
She said: 'That concentration of power creates a lot of defensiveness within the company. It’s an exercise in hiding that there is a problem rather than admitting that there is a problem and setting a roadmap to fixing it.'
Zuckerberg said Thursday he too was in the dark about the firm, which according to a New York Times investigation sought to link Facebook critics to liberal financier George Soros.
Hungarian-born - US - Financier - Philanthropist
The Hungarian-born US financier and philanthropist...
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