Newsmakers
New Zealand Super’s Proxy Drive Against Big Tech Grows to 23 Institutions
Outraged by social media’s showing of the Christchurch massacre, the pension fund enlists other plans to push its cause.
Tag: Facebook
New Zealand Super Leads Christchurch Charge Against Tech Lords
National five-fund coalition targets Facebook, Google, and Twitter’s ‘severely damaged’ content-sharing functions.
Corporate Moves
Chan Zuckerberg Institute Names Princeton’s David Lee CIO
Facebook founder’s philanthropic organization lures Lee from Princeton Endowment.
Risk
Hedge Funds Clip Facebook Shares in Q3
The space’s top dogs ditch the social media company’s stock during Zuck’s problematic year.
Newsmakers
Treasurers Demand Zuckerberg Quit as Facebook Chairman
Social network CEO shouldn’t have dual role, say financial officials from NYC and three states, backing Trillium plan.
Bridgewater Ditches Facebook for Alibaba, Baidu, and Amazon
The world’s largest hedge fund pares stake in the social media juggernaut by 76% while refocusing its tech exposure.
Regulation
Hedge Fund Trillium Rallies Shareowners to Vote for Creation of Facebook Oversight Board
Fund calls social media juggernaut’s current governance style an insufficient ‘whack-a-mole approach.’
Newsmakers
CalSTRS Takes a Hard Stance on Facebook’s Governance
A privacy scandal leads to a harsh reprimand for social media network from the mega pension fund.
Newsmakers
Soros Rips Facebook, Google at Davos
Warns of Orwellian levels of control if more stringent monopoly policies are not applied.
NYS Common, Arjuna Capital Push for Facebook, Twitter Content Governance
Shareholder proposals follow CalSTRS, Jana Partners’ Apple actions.
Newsmakers
Swedish Pension Fund Thwarts Zuckerberg
AP7 calls Facebook abandoning C shares plan an ‘important success for minority owners.’