Zuckerberg at center of new Facebook firestorm

TheHill | 11/23/2018 | Harper Neidig
hoppers911hoppers911 (Posted by) Level 4
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Facebook’s leadership is facing a crisis following the company’s latest controversy.

The past year has given ammunition to the growing number of critics worried about Facebook’s size, business model and implications for democracy. But a recent report characterizing Mark Zuckerberg and Sheryl Sandburg as slow or reluctant to respond to recent challenges is also raising questions about the judgment of the people running the network connected to more than 2 billion people.

Zuckerberg - Role - CEO - Chairman - Power

Zuckerberg, who through his dual role as CEO and chairman wields most of the power over the company, is now facing calls to relinquish some of his control in order to bring in some fresh oversight.

He has resisted such pressure and continues to defend his chief operating officer, Sandberg.

Natasha - Lamb - Director - Arjuna - Capital

Natasha Lamb, a managing director at Arjuna Capital and a Facebook investor, attributes a lot of Facebook’s current problems to the amount of control over the company that Zuckerberg has consolidated.

"The dominant position that Zuckerberg holds has not been helpful in steering the company over the last few years,” Lamb said. “The stock's gone down over $100 billion twice this year, and you can directly link that to these platform issues.”

New - York - Times - Story - Week

A New York Times story last week detailed Facebook’s early response to Russian election meddling attempts and its efforts to respond to a backlash in Washington, two of the platform's biggest challenges over the past year. The report revealed fractures at the top of the company.

Zuckerberg currently owns 60 percent of the company and serves as chairman of the board of directors in addition to his role as CEO — an arrangement that Facebook’s critics think allows for little dissent within the company or oversight from investors.

Facebook - Dorm - Room - Leadership - Facebook

But the 34-year-old, who started Facebook in his dorm room, is standing by his leadership and Facebook’s executives and has resisted calls for him to relinquish...
(Excerpt) Read more at: TheHill
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