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Putting Sandberg on its Board is no surprise given that Sandberg is seen as critical to FB's operations and success by both the press and by Zuckerberg. So, th
by jordo37 14y ago
Putting Sandberg on its Board is no surprise given that Sandberg is seen as critical to FB's operations and success by both the press and by Zuckerberg.
So, the only interesting part of this is the timing - why now, several weeks after the IPO?
- mikeryan 14y agoJust to play the cynic, you've got the strange situation of a publicly traded company where the majority of voting rights are still tied up by its founder. Putting someone on the board who's already completely tied to its current path could be seen as just another symptom of a board in name only. Personally I think the board's role should be to provide some measure of skepticism to the company's direction. This seems like putting just another yes man on a board without any teeth. So another way to look at this is why put Sheryl on the board at all?
- trotsky 14y agoThe Menlo Park, Calif., company has come under fire from corporate governance advocates who have criticized Facebook for having no women on the board. They questioned why Ms. Sandberg, a strong proponent of women in the workplace, wasn't on the board. In February, California State Teacher's Retirement System's Director of Corporate Governance wrote a letter to Mr. Zuckerberg saying, "We are disappointed that Facebook's board will not have any women." http://online.wsj.com/article/SB10001424052702304782404577489003831226744.html http://online.wsj.com/article/SB1000142405270230478240457748...
- jedberg 14y agoMaybe she threatened to leave if they didn't give her a seat on the board, now that she's got the billion in stock.