CalSTRS CIO Buys In to #DeleteFacebook
- Ailman says it was a personal decision to deactivate account
- Pension fund owns 4.1 million shares of the social network
Photographer: Andrew Harrer/Bloomberg
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The California State Teachers’ Retirement System Chief Investment Officer Christopher Ailman has a new investment -- personally at least -- and it’s in the campaign to #DeleteFacebook. The executive tweeted his support last night, claiming he removed his account due to the “offensive” lack of oversight and poor management at Facebook Inc.
Ailman’s tweet comes just after the social network CEO Mark Zuckerberg said in a media briefing Wednesday that its crises, including #DeleteFacebook, are not meaningfully affecting the business.