Mar 14, 2020 - Economy & Business

Ken Chenault to depart Facebook board of directors

Photo: Jakub Porzycki/NurPhoto via Getty Images

Former American Express CEO Ken Chenault will not run for re-election on Facebook's board of directors following disagreements with CEO Mark Zuckerberg over governance and political policies, according to the Wall Street Journal.

Why it matters: Facebook's board of directors has seen significantly changes in a short period of time, with some departing who are not fully in agreement with Zuckerberg. Last month the board added Drew Houston, CEO of Dropbox, and a friend of Zuckerberg's.

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Facebook board nears gender parity with two new directors

Photo: Jakub Porzycki/NurPhoto via Getty Images

Facebook has added two new members to its board: Nancy Killefer, a former government official and longtime McKinsey executive, and Tracey T. Travis, the chief financial executive of The Estee Lauder Companies.

Why it matters: The additions double the number of women Facebook directors and make the board 40% female. Despite significant progress in recent years, women still hold just 20% of board seats globally in publicly traded companies.

Facebook will indefinitely pay contractors it has sent home

Photo: Marc Piasecki/Getty Images

Facebook will pay its contract workers indefinitely, even if they aren't able to carry on their normal duties, as it directs most of its labor force to work from home to mitigate the spread of coronavirus.

What they're saying: "I don't think we see an end to that," CEO Mark Zuckerberg told reporters Wednesday on giving full pay to its contracted content moderators whose work can't be done remotely.

Facebook gears up for long-term remote work

Photo: Marc Piasecki/Getty Images

Mark Zuckerberg told reporters on Wednesday that Facebook plans to pay its contract workers indefinitely, even if they aren't able to carry on their normal duties. That comes as Facebook has directed most of its full-time and contract labor force to work from home to mitigate the spread of the coronavirus.

What they're saying: "I don't think we see an end to that," CEO Mark Zuckerberg told reporters Wednesday on giving full pay to its contracted content moderators whose work can't be done remotely.