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Netflix's CEO offered to resign from Facebook's board in 2016, citing his fellow board member Peter Thiel's support of Donald Trump:
Netflix CEO Reed Hastings — who called his fellow board member Thiel's support of Trump "catastrophically bad judgment" in an email leaked to the Times — also offered to resign over his disagreement with Thiel, according to a Wall Street Journal report published Thursday. Sources told WSJ that Facebook CEO Zuckerberg declined Hastings' offer to resign. Facebook declined to comment on the matter to Business Insider.
Now, Thiel may resign from Facebook's board instead in the midst of packing up and leaving the Bay area:
The founder of PayPal and a prominent investor in Silicon Valley, Thiel is reportedly moving his investment firms Thiel Capital and Thiel Foundation out of the Bay Area and into Los Angeles this year, according to WSJ.
In L.A., Thiel is also reportedly planning to build "a right-leaning media outlet to foster discussion and community around conservative topics." Thiel bankrolled the lawsuits that eventually forced Gawker Media into bankruptcy, and has been trying to buy Gawker's now-defunct flagship site.
Although Thiel has called Silicon Valley a "one-party state", in the 2016 Presidential election, Hillary Clinton beat President Trump 72 percent to 22 percent in Los Angeles County.
The Guardian also has an article about Thiel's involvement in New Zealand.
Also at Ars Technica, The Mercury News, LA Times, and Vanity Fair.
Related: Peter Thiel Acquires NZ Citizenship and Large Property
Everything Wrong with Peter Thiel's Doomsday Survival Plan
University Could Lose Millions From "Unethical" Research Backed by Peter Thiel
"Black Hole" of Accountability for Drug Trials Flouting FDA Oversight?
Peter Thiel Makes a Bid for Gawker.com
(Score: 0) by Anonymous Coward on Saturday February 17 2018, @02:28AM (2 children)
You're still just an employee.
...and you will always be outvoted by the majority stockholders who likely inherited their stock from their wealthy parents.
Why should someone who doesn't WORK there get a vote at all?
Publix supermarkets in Florida has an ESOP.
Some of their employees recently got screwed by such decisions made by the actual (majority) owners of the company.
It's just more of the same old shit. [googleusercontent.com] (orig) [ajc.com]
While an ESOP is a baby step in the right direction, The Workers still get screwed regularly.
OTOH, in a Socialist worker-owned cooperative, every worker gets a vote and every worker's vote is equal to any other worker's vote.
...and no non-workers get a vote.
IOW: One Worker==One Vote -NOT- $1==One Vote
-- OriginalOwner_ [soylentnews.org]
(Score: 0) by Anonymous Coward on Saturday February 17 2018, @04:26AM (1 child)
To start a business, you need to risk a lot of money. Who would do such a thing without any benefit? (there isn't a benefit if the non-investors are in control)
(Score: 0) by Anonymous Coward on Saturday February 17 2018, @07:02AM
Boy, do you ever have a twisted view of the world.
I already mentioned control over the quarter of the 168 hours in a week that you spend at work.
When it's your own company and it's a co-op, you don't have a CEO or board of directors whose major efforts are to enrichen themselves greatly while doing no production (and screwing the people who -do- produce).
Who would bother to start a business?
Yogi Berra mode
Nobody goes there any more. It's too crowded.
/Yogi
you need to risk a lot of money
The self-employed guy who tends my lawn started with a lawnmower, a rake, and a broom.
Mondragon started with 6 worker-owners and little else in 1956.
These days, they have over 100,000 worker-owners in 40 countries on 5 continents.
In Italy, since 1985, workers laid off by boom-and-bust Capitalists get help from the government in starting their own co-ops. [google.com]
There are now thousands and thousands and thousands and thousands and thousands of worker-owned cooperatives there.
there isn't a benefit if the non-investors are in control
You are a fool with very limited vision.
The Capitalists have brainwashed you into passivity and have convinced you that you need them.
Keep working for The Man, making -him- rich instead of yourself.
There are worker-owners around the globe scoffing at your ignorance.
-- OriginalOwner_ [soylentnews.org]