'From the perspective of shareholders, the hiring of Sheryl Sandberg was the best thing that ever happened to Facebook,' writes Roger McNamee. 'She made shareholders rich. Unfortunately, that wealth came at great cost to our society'
, I take no joy in the news that Sandberg is leaving her post as chief operating officer.
My relationship with Mark Zuckerberg began in 2006, when I helped him stop an effort to sell the company to Yahoo that was supported by his board and management team. For three years thereafter, I advised Zuckerberg on strategic issues, the most important of which was the hiring of key executives who shared the founder’s vision. I suggested Sandberg to Zuckerberg because I thought her experience at Google was the best possible preparation for the #2 job at Facebook.
In the U.S., shareholders are the only constituency about which corporate executives are required to care. For shareholders, Sandberg was a superstar. She made shareholders rich. Unfortunately, that wealth came at great cost to our society. In the absence of rules requiring safety for users and those affected by its products, Facebook greenlit business practices with obvious harms.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Exclusive: Bryce Dallas Howard on how Jurassic World 3 makes a dinosaur changeJurassic World: Dominion makes a major change with its dinosaurs
Weiterlesen »
NFL brings in its first trans cheerleader, 29Justine Lindsay, 29, told the world in an Instagram post in March she made the Topcats, the cheerleading squad for the Carolina Panthers - and came out as transgender.
Weiterlesen »
Grachan Moncur III obituaryJazz trombonist whose fluency and imagination made his instrument relevant in the modern jazz world of the 1960s
Weiterlesen »
Is big tech’s red-hot jobs market about to cool?America’s technology giants are contending with supply-chain uncertainties, a looming recession and sliding share prices
Weiterlesen »
Billionaires, can you please stop telling me how to workSheryl Sandberg wrote the manual for climbing the career ladder, with her 2013 book Lean In: Women, Work, and the Will to Lead. But last week she joined the
Weiterlesen »