Facebook can terminate CEO

WASHINGTON: Facebook can terminate services of its chief Mark Zuckerberg at any time for any reason, or even without a reason, but the social networking giant's founder and CEO also enjoys similar exit rights. As per Facebook's employment agreement with Zuckerberg, his tenure at the social networking giant would be on an "at will" basis, meaning his job can be terminated "at any time for any reason or no reason", either by him or by the company. The company has disclosed Zuckerberg's employment agreement, revised late last month, as part of an amended registration document for its upcoming IPO (Initial Public Offer) filed with the US market regulator Securities and Exchange Commission (SEC).
Facebook can terminate CEO Mark Zuckerberg services 'at will' - The Economic Times