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Behind the Scenes, Meta’s Board Is Battling With Mark Zuckerberg Over His Out-of-Control AI Spending: The directors have had enough. (futurism.com)
submitted 2 weeks ago by to c/technology@lemmy.world
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[–] [S] 110 points 2 weeks ago (5 children)

Only in Silicon Valley can a CEO burn billions chasing an AI gold rush, send free cash flow below zero, and then demand a bigger payday for his visionary leadership. The board’s ultimate weapon? Threatening to quit. Corporate governance at Meta is basically a fire alarm that needs Zuckerberg’s permission to ring.

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  • [–] 73 points 2 weeks ago (3 children)

    They just offered to pay his taxes, they aren't sick of him or they'd let the company fail

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  • [–] 5 points 2 weeks ago

    Meta does have some very specific issues with their corporate governance in that regard. Mark's contact basically makes him impossible to fire as CEO. It's an unusual situation that should have set off alarm bells for investors years ago.

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