Capitol Fax.com - Your Illinois News Radar » Frerichs wants Zuckerberg out at Facebook
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Frerichs wants Zuckerberg out at Facebook

Monday, Apr 16, 2018

* USA Today

Mark Zuckerberg’s tight grip on Facebook is under growing scrutiny as investors call for the giant social network to name an independent chairman. […]

“In essence Mr. Zuckerberg is not accountable to anyone. Not the board, nor the shareholders,” Michael W. Frerichs, the state treasurer of Illinois, who oversees investments including college savings for citizens of the state, told the Financial Times. “Right now, Mr. Zuckerberg is his own boss and it’s clearly not working.”

Frerichs is supporting a proposal from New York City comptroller Scott Stringer, who oversees his city’s pension funds which have a $1 billion stake in Facebook. Stringer has called on the Silicon Valley company to name an independent chairman and three new independent directors with “specific expertise in data and ethics.”

“They have not comported themselves in a way that I think makes people feel good about Facebook and secure about their own data,” Stringer said on CNBC. “And that’s going to hurt the brand.”

* Meanwhile, if you’ve been wondering about what’s behind at least part of the biometric bill that proponents say will give the state law a much-needed update and opponents say will “gut” the law, look no further than this lawsuit

U.S. District Judge James Donato’s decision to let the class-action case proceed means that Facebook is still potentially on the hook for fines under a unique Illinois law of $1,000 to $5,000 each time a person’s image is used without permission. A court victory for consumers could lead to new restrictions on Facebook’s use of biometrics in the U.S., similar to those in Europe and Canada.

“When an online service simply disregards the Illinois procedures, as Facebook is alleged to have done, the right of the individual to maintain her biometric privacy vanishes into thin air,” Donato wrote in [February’s] ruling. “The precise harm the Illinois legislature sought to prevent is then realized.” […]

The Illinois residents who sued under the Biometric Information Privacy Act said the 2008 state law gives them a “property interest” in the algorithms that constitute their digital identities — in other words, gives them grounds to accuse Facebook of real harm.

Facebook, which got the case moved to San Francisco from Illinois, argued the users hadn’t suffered a concrete injury such as physical harm, loss of money or property; or a denial of their right to free speech or religion.

Donato concluded that the alleged violation of the user-consent requirement in the Illinois law goes to “the very privacy rights the Illinois legislature sought to protect.”

Needless to say, $5,000 per violation could add up to a truly gargantuan payout by Facebook.

* Related…

* Illinois Biometric Privacy Law—and Effort to Carve Out Exceptions—Gets Moment in Spotlight at Facebook Hearing

* Illinois’ Cook County Sues Facebook and Cambridge Analytica for Alleged Fraud

- Posted by Rich Miller        

12 Comments
  1. - truth - Monday, Apr 16, 18 @ 11:40 am:

    Better watch out Zuckerberg, the Illinois State Treasurer has it out for you.


  2. - walker - Monday, Apr 16, 18 @ 11:46 am:

    And I’d like no snow in April.


  3. - City Zen - Monday, Apr 16, 18 @ 11:49 am:

    You can show support for our state treasurer on any one of his multiple Facebook pages.


  4. - Phenomynous - Monday, Apr 16, 18 @ 12:14 pm:

    “I want my money back. And I want angels to give it to me. And pixies to count it out, and a gnome or a hobbit or an elf to sleep at the foot of my bed, and have - I just want them all over my backyard. But no matter what happens with any of that, I DO want my money back.”


  5. - Just Me - Monday, Apr 16, 18 @ 12:28 pm:

    Before our State Treasurer starts trying to run private companies, he should help Illinois get its act together first.


  6. - Driveby - Monday, Apr 16, 18 @ 12:39 pm:

    The Facebook stock on which Frerichs is playing activist investor aren’t even the state’s! They’re in 529 college savings accounts. Only those account holder should be deciding if they want to be social justice warriors.


  7. - cdog - Monday, Apr 16, 18 @ 12:46 pm:

    Of course I am not a lawyer, but I find it notable that a complaint filed which cites Illinois law, by Illinois residents, was moved to the Northern CA District with an Obama appointed judge.

    How’s that work? So a plaintiff wanting to challenge Silicon Valley’s creepy version of ethics has to fight them on their home turf?

    The little guy just hardly stands a chance as this whole digital-age keeps evolving.


  8. - Sue - Monday, Apr 16, 18 @ 1:08 pm:

    This would be funny if it weren’t true that Illinois has been an awful manager of its own affairs. I would rather have someone with Zuck’s Acumen overseeing our affairs rather then a guy like our treasurer


  9. - Anonymous - Monday, Apr 16, 18 @ 1:44 pm:

    ==How’s that work? So a plaintiff wanting to challenge Silicon Valley’s creepy version of ethics has to fight them on their home turf?==

    Federal law regarding venue requires many types of lawsuits be heard where the defendant “resides”.


  10. - Radio Flyer - Monday, Apr 16, 18 @ 2:53 pm:

    $1000 to $5000 per person. That would be a real boost to Illinois’ economy. Better than a tax cut.


  11. - Rich Miller - Monday, Apr 16, 18 @ 2:59 pm:

    ===per person===

    Per violation. Big difference. The exposure could be huge.


  12. - Radio Flyer - Monday, Apr 16, 18 @ 3:21 pm:

    Yikes. Good idea to limit exposure to Facebook stock, then.


TrackBack URI

Sorry, comments for this post are now closed.


* Question of the day
* Russians revived the Chicago Daily News before Twitter shut it down
* Harith Augustus coverage roundup
* Transitions: Baise, Denzler, Demmer, DeWitte, Mazzochi
* Caption contest!
* *** LIVE *** Campaign finance reports
* Rauner denies tacking to the right with Pence praise
* Rauner signs Firearms Restraining Order Act, 72-hour gun purchase waiting period, will veto gun shop regulation bill
* John McGovern: "An honorable man in politics"
* *** UPDATED x1 - Rauner to veto *** Raoul to Rauner: "Get us out of Crosscheck"
* Unclear on the concept
* Mitchell is "a foot in the door for the next generation"
* *** LIVE COVERAGE ***
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............
<


Loading


* Gov. Rauner, Dixon Hero Ofc. Mark Dallas Talk L.....
* Pritzker spending $207000 a day on gov race, sw.....
* Illinois GOP Gov. Rauner signs new gun control .....
* Illinois governor signs two bills to tighten gu.....
* Rauner steps back from Trump praise, but Pritzk.....
* Gov. Rauner intends to veto gun store regulatio.....
* Governor Rauner talks funding for school resour.....
* Rauner signs bill to ease physician assistant h.....
* Gov. Rauner visits Dixon police officer Mark Da.....
* Rauner signs 2 bills to tighten gun restrictions..


* Prosecutors: Russian hackers leased servers in 2 states
* University of Illinois student shot by police faces charges
* Chicago activist demands all footage from police shooting
* SIU trustees vote for ending Randy Dunn’s presidency
* 2 CVS workers lose jobs after cops called on black customer
* Illinois pastor unpaid for FBI, police tips made 2 years ago
* Illinois governor signs 2 bills to tighten gun restrictions
* The Latest: Spokesman says officers can conduct pat downs.
* Correction: CVS-Black Customer story
* Rauner signs gun order of protection, waiting period laws

* Gov. Rauner signs two gun control bills, says he'll veto another
* Rauner signs bill to ease physician assistant hiring
* Londrigan outraises Davis in 2nd quarter; Davis has more in fund
* Rauner doesn't want Illinois pulled from multistate voter registration system
* Gov. Rauner signs two gun control bills
* Londrigan outraises Davis in 3rd quarter; Davis has more in fund
* Durbin not confident Illinois election systems are secure
* Jeff Keicher to finish Bob Pritchard's term in Illinois House
* New Illinois program to offer retirement savings plan
* Illinois Governor's Mansion reopens to public

* IMA chief Greg Baise hanging it up
* Illinois pols—including GOPers—slam Trump's Helsinki performance
* Which congressmen have the financial edge?
* Ana Dutra resigns as CEO of Executives' Club of Chicago
* University chiefs take a hit from tax bill


* Police warn of 7 garage burglaries in Hegewisch
* Chicago doesn’t have the USA’s No. 1 hot dog: report. What do they know?
* Dear Abby: When I resist a dish for my health, family offended
* Police: Armed man robbed 4 street vendors in Back of the Yards
* Oprah Winfrey gives at least $1 million to Obama Foundation
* Horoscope for July 17, 2018
* 2 felons charged in connection with Orland Park gun burglaries
* Pritzker spending $207,000 a day on gov race, swamping Rauner’s $83,000
* San Francisco to consider tax on companies to help homeless
* Netflix sees slow subscriber growth


* 'Bizarre.' 'Shameful.' 'Disgraceful.': Republicans join Democrats in condemning Trump's remarks
* 'Very much counter to the plan': Trump defies advisers in embrace of Putin
* NTSB: Engines may have failed in helicopter crash near I-57
* Man shot and killed in his West Side apartment
* Cubs' Kyle Schwarber falls to Bryce Harper in Home Run Derby final; Javier Baez eliminated in first round
* Man and woman hit by stray bullets less than block from scene of police shooting
* Lava crashes through roof of Hawaii tour boat, injuring 23
* Trump hands Putin a diplomatic triumph by casting doubt on U.S. intelligence agencies
* Bashed for taking $2,750 from for-profit immigrant detention company, Chicago alderman says he's donating $5K to pro-immigrant group
* Uber under federal investigation for alleged gender pay gap, report says


» July 16, 2018 - Full Show
» CHA Seniors File Complaint Over Missing Grab Bars
» Cook County Commissioners Confounded By Hiring Of Health System Consultant
» Third Party Candidates for Governor; Student Loans & Retirement Saving; New Illinois Made Makers
» CPD Officer Shoots And Kills Man In South Shore
» Durbin Says He Hasn't Taken Position on SCOTUS Pick — Also Has Doubts About Election Security
» Look Inside The Renovated Governor's Mansion
» Angry Crowd Protests After Chicago Police Fatally Shoot Man
» Chicago Police: Man Killed By Police Appeared To Be Armed
» State Week: SCOTUS Nominee, Dan Ryan Protest, Misleading Ads


* EJ Dionne: Will the blue wave start in Jersey?
* Their View: 'Everybody needed to know what happened to Emmett Till'
* Gov. Rauner signs two gun control bills, says he'll veto another
* Rauner signs bill to ease physician assistant hiring
* Londrigan outraises Davis in 2nd quarter; Davis has more in fund
* Rauner doesn't want Illinois pulled from multistate voter registration system
* Gov. Rauner signs two gun control bills
* Londrigan outraises Davis in 3rd quarter; Davis has more in fund
* Durbin not confident Illinois election systems are secure
* Jeff Keicher to finish Bob Pritchard's term in Illinois House


* Births for Tuesday, July 17, 2018
* Helen Dorothy (Van Voorhis) Timpner
* Mickey Jackson
* Wilma Jean Emery
* William Ralph 'PeeWee' Horning
* Russell Schirmer
* Jo Ann Schirmer
* Michael James Jones
* Brenda Kay James
* Rosemary Sears


* Lakers, Trail Blazers to meet for Summer League title again
* Benched! Foul ball made its mark on me at 1969 All-Star Game
* Fashion firms upend design routine to focus on speed, trends
* The next senior World Cup is in France, not Qatar
* Showtime and Sacha Baron Cohen push back against Sarah Palin

* Pope County pastor unpaid for FBI, police ...
* Republicans, including Davis, raise big bu...
* Metro East Republicans in Congress raise b...
* United Front
* Second 'minibus' pulls in
* US REPRESENTATIVE JOHN SHIMKUMS (IL-15): S...
* Local politicians react to Trump, Putin su...
* Underwood outraises Hultgren in latest cam...
* 3 Illinois GOP House members, in rare move...
* Illinois lawmakers pile on Trump/Putin sum...

* Area lawmakers condemn Trump comments of R......
* Local politicians react to Trump, Putin su......
* Guest column: Senators show bias against r......
* Rep. Brad Schneider Slams Trump Press Conf......
* 2 Democratic senators, 3 House Republicans......

* North Dakota, Minnesota delegations denoun......
* ND, Minn. delegations denounce Trump's......
* Area lawmakers condemn Trump comments of R......
* Local politicians react to Trump, Putin su......
* Trump's Own Team: He 'Looked Incre......

* Will anyone “come to save the day” for WGN radio/TV takeover by Sinclair?
* CAPS Meeting For Beat 1912 Is Tuesday At Sulzer Library
* The sad state of the sandwich at Logan Square deli Rosie’s Sidekick
* SportsMondayWednesday: On The Road To The All-Star Game
* The Weekend In Chicago Rock
* Capitol Fax: Harith Augustus coverage roundup
* The Lost Children Of Chon Thanh
* The Week In Chicago Rock
* Strip Mall Preservation
* More high school grads than ever are going to college, but 1 in 5 will quit


* Gov. Rauner meets one of oldest living WWII veterans
* IDOT reopening lanes where possible for July 4 travel
* Bellock named DHFS director
* Follow-Up Samples from the Illinois River Show No Microcystins
* Illinois Department of Public Health Heat Safety Tips

  
* Honor India to unveil the Honor 9N on July 24
* Cuba rolls out mobile internet at last
* ​WTH Amazon!?
* CSIRO: Lithium-ion battery waste to exceed 100,000 tonnes by 2036
* Nokia X5 to arrive on July 18, this time for real
* JerryRigEverything gives the Vivo Nex a cool see-through back
* Essential Phone for just $250: High definition audio, Android P beta, superb built quality

* FEATURE: Trio of local residents visit baseball's best stadiums
* White Sox Minor League Update: July 16, 2018
* White Sox Minor League Update: July 16, 2018
* White Sox Farm Report – July 16, 2018
* Super Stats Pack: Team Stats
* Super Stats Pack: Team Stats
* Red Sox have been a hit, but MLB season has been a big whiff


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller