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I agree with you in principle but this is a special case. Mark Zuckerberg is is as close to bottled lightning as you get when it comes to his vision and leaders
by FullMtlAlcoholc 10y ago
I agree with you in principle but this is a special case. Mark Zuckerberg is is as close to bottled lightning as you get when it comes to his vision and leadership of FB. The acquisition and scaling of Instagram was superb. Lesser leaders would have just rolled it into Facebook Photos instead of letting it remain a stand alone product. I have little doubt that Oculus will eclipse this feat. Keeping him happy and focused is in the shareholders' best interest.
- AlexandrB 10y ago> I agree with you in principle but this is a special case. Mark Zuckerberg is is as close to bottled lightning as you get when it comes to his vision and leadership of FB. Then they should have kept the company private. Once you go public, you have to play by the same rules as every other public company.
- FullMtlAlcoholc 10y ago> you have to play by the same rules as every other public company. Let us speak truth. At that size, scale, and reach, you play by a different set of rules and even get to define some of them.
- rdlecler1 10y agoThat may be true, but then Marc shouldn't have been secretly backchanneling support. He should be asking the tough questions, not advising against the challenges of the board. Did Marc say to the other members, "hey I'm going to give Mark a heads up on this"? Likely not. If Zuckerberg was not allowed to keep control I assume he wouldn't be divesting so I see no benefit to shareholders.