Zuckerberg keeps Thiel on board
Facebook CEO Mark Zuckerberg has decided to keep venture capitalist Peter Thiel on the social notworking company’sboard of directors, despite weeks of controversy over whether it was appropriate.
It was revealed that Thiel was using his fortune to mount a vendetta on Gawker magazine which once outed him for being gay. He ploughed millions into a court case against Gawker after it ran a tape of US wrestler Hulk Hogan shagging his best friend’s wife.
Some felt it was not appropriate for Thiel to remain on the board of a company that now plays such a powerful role in publishing.
At Facebook’s annual shareholders meeting yesterday, every board member was up for re-election. The decision was made by shareholder vote, but ultimately fell to Zuckerberg, who controls more than 60 percent of the total voting power on the Facebook board.
Facebook’s leadership was tightlipped about the controversy over Thiel continuing as a member of the company’s board.Facebook’s COO Sheryl Sandberg said that Thiel acted on his own and not as a Facebook board member.
Facebook recently launched a programme that pays publishers, including the New York Times and Buzzfeed, to produce videos for its Facebook Live tool. Gawker Media, Gizmodo’s parent company, recently joined that programme