Facebook (FB) CEO Mark Zuckerberg Will Decide Today
Author By Sophia VidaPosted on Peter Thiel has been making headlines for many reasons these days. He is an avid Trump supporter and secretly funded Hulk Hogan’s lawsuit against Gawker, who ended up declaring bankruptcy.
Facebook now hold’s Thiel’s fate in their hands as every board member is now up for re-election.
Zuckerberg and Facebook will host the company’s annual shareholder’s meeting today and will ultimately decide if Thiel stays on board.
It is technically up for shareholder vote, but Zuckerberg owns more than 60 percent of Facebook’s total voting power.
A few weeks ago COO Sheryl Sandberg had commented “Peter [Thiel] did what he did on his own. Not as a board member.”
When asked point blank by an attendee if he’ll remain on the board, Sandberg replied, “Yes.”
Disclaimer: We have no position in Facebook, Inc. (NASDAQ: FB) and have not been compensated for this article.
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