Facebook’s 2016 Annual Meeting: Peter Thiel Remains on Board
Facebook’s 2016 annual meeting Monday was more intriguing than past gatherings due to uncertainty over Peter Thiel’s position on the board of directors and a proposal to create a new class of non-voting capital stock.
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Facebook’s 2016 annual meeting Monday was more intriguing than past gatherings due to uncertainty over Peter Thiel’s position on the board of directors and a proposal to create a new class of non-voting capital stock.
But when all was said and done at the Sofitel San Francisco Bay in Redwood City, Calif., Monday afternoon, all of the votes went Facebook’s way.
There had been some speculation about Thiel not being retained on the company’s board of directors following the news last month that he helped fund wrestler Hulk Hogan’s lawsuit against Gawker Media, since it seemed to run counter to the social network’s efforts to embrace media and publishers.
However, Thiel and the rest of Facebook’s board of directors—Marc Andreessen, Erskine Bowles, Susan Desmond-Hellmann, Reed Hastings, Jan Koum, Sheryl Sandberg and Mark Zuckerberg—will serve through next year’s annual meeting.
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