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Netflix CEO Reed Hastings to Depart Facebook Board of Directors
- synaesthesisx 8y agoI actually wasn't aware Reed was even on the board, but this makes sense considering the potential conflict of interest, as Facebook wants to push towards more video-based content (such as long-format videos delivered via IGTV).
- ranie93 8y agoConflict of Interest seems to be the name of the game when it comes to board of directors [1] https://en.wikipedia.org/wiki/Interlocking_directorate https://en.wikipedia.org/wiki/Interlocking_directorate [2] https://www.visualcapitalist.com/50-largest-u-s-companies-board-members/ https://www.visualcapitalist.com/50-largest-u-s-companies-bo...
- 50656E6973 8y ago>[1] https://en.wikipedia.org/wiki/Interlocking_directorate https://en.wikipedia.org/wiki/Interlocking_directorate Wow. First person I searched from your first link was Ellen Futter, former board member of JP Morgan and AIG. Turns out she has an extensive history of being involved with massive frauds/multi billion dollar "losses". https://en.m.wikipedia.org/wiki/Ellen_V._Futter https://en.m.wikipedia.org/wiki/Ellen_V._Futter
- threeaccents 8y ago"The addition of Alford, an African-American woman, comes as Facebook and other Silicon Valley companies strive for the inclusion of more women and minorities in their boards and throughout their workforces." Honest note why do they have to add she's an African-American woman it just makes it seem the only reason she was hired was because she was a minority and not do to her skill set.
- bedhead 8y agoDo you want an honest answer? Does anyone?
- danvayn 8y agoI would like more open discussion between people at the very least. I think large news outlets simply have to do a better job at taking advantage of their outreach and giving proper visibility into people like her when they're finally given their chance to be in the spotlight. She may be the least famous person in the article but she is his replacement and their coverage of her merits is laughable at best. Any other mention of her in this story is strictly filler. Just give her more than dropping her current title and that cringy statement. Improper coverage like this happens too often and needs to be pointed out so that it bad attention when it is published.
- terryschiavo22 8y agoThe honest answer is that you can't know whether they're trying to implicitly point out that she was only hired for her race or whether they're trying to hold her up as a hero of the black community.
- thrwwy192783 8y agoBetter use a throwaway because the truth might get you banned.
- thrwy6585 8y agoIt won't only get you banned it'll get you fired.
- weavie 8y agoPerhaps she was hired for her skillset as well as being African American. If you are trying to include more minorities in your workforce then having a person from those minorities will have perspectives that people who are not from those minorities will not have.
- 8y ago
- madrox 8y agoBefore people comment too much about how he's departing because of conflicts of interest, I would like to point out that Bob Iger -- CEO of Disney, which just unveiled the new streaming app, Disney+ -- is on the board of Apple, which just weeks ago unveiled their new streaming app, AppleTV+ Point being, this wasn't because of conflict of interest.
- rblion 8y agoFacebook is imploding from the top (key leaders leaving) and from the bottom (overall user sentiment).
- agoodthrowaway 8y agoI think the news here is that Erskine Bowles was not renominated. Erskine is the only one on Facebook’s board that is on the record as challenging Zuck and who has significant real-world political leadership.
- rurban 8y agoWhat I heard is that he clashed with Thiel, and Thiel demanded him to leave.