Outgoing coo this autumn! Behind the resignation of meta's "No. 2" Sandberg: focus on charity or something else?
2022-06-02
Ten years ago, when Facebook was officially listed on the NASDAQ Exchange, there were six senior executives on the prospectus. By the fall of this year, only CEO markzuckerberg will be in office. Sheryl Sandberg announced Wednesday that she would resign as chief operating officer (COO) of meta (formerly Facebook). After the news was released, meta's share price plunged by more than 4% in the short term, but the decline in the late trading narrowed to 2.58% and the market value evaporated by $13.5 billion in one trading day. The closing price of the day has fallen by 50.28% compared with its record high of $384.33 set on September 1, 2021. Neither Sandberg nor Zuckerberg disclosed the reasons for leaving the company. It is reported that Sandberg will gradually hand over his work from this week and officially leave the company this fall. Javier olivan, chief growth officer, will replace her as meta coo. The most influential woman in the US technology industry: increased Facebook revenue by about 2300% in about four years Sandberg joined Facebook in early 2008 and became the company's No. 2 person. Prior to that, Sandberg served as vice president of global online sales and operations of Google, chief of staff of the U.S. Treasury Department during the Clinton administration, management consultant of McKinsey & company, and economist of the world bank. Under the leadership of Sandberg, the advertising business of Facebook and other social products of the company is booming. In 2007, Facebook's revenue was about $150million. In 2011, Sandberg raised this figure to more than $3.7 billion. The following year, Facebook was successfully listed on NASDAQ. This also makes her one of the most influential women in American science and technology. Meta stock price trend chart (picture source: Yingwei Caiqing) Facebook has also successfully developed into an advertising giant and one of the most influential companies in the technology industry, with a market value of more than $1trillion. Today, more than 3billion users use meta's products, and more than 200million enterprises have created facebook/instagram stores. Sandberg said that she only planned to work at Facebook for five years at first, but did not expect to work for 14 years. "Today, 14 years later, it is time for me to write the next chapter of my life. I am not completely sure what the future will bring." She said she would devote more time to the sherry Sandberg and Dave Goldberg Foundations (named after her and her late husband) and charities. Screenshot of Sandberg's statement on Facebook Sandberg will gradually hand over the work report of meta from this week, and officially leave meta later this fall, but will continue to serve on the board of meta. CEO markzuckerberg thanked Sandberg for his work in the company in a public statement. The reason for leaving the company is unknown: or it is related to violating the company's policies Neither Sandberg nor Zuckerberg disclosed the reasons for leaving the company. But the controversy surrounding Sandberg, a benchmark figure in American science and technology, has never been stopped. The main controversial point is that in many major events in the second half of her career, she did not "step forward" as she wrote in her book (Title: step forward: women, work and leadership will), but adopted a "shrinking" attitude, and even was exposed to have participated in some activities that were unfavorable to working women. In April this year, according to foreign media, Sandberg organized a team to prevent the British Daily Mail from publishing an article about the ex girlfriend of Activision Blizzard CEO Bobby Kotick applying to the court for "training orders". The reason why Sandberg did this was that she had been dating with kertik on and off from 2016 to 2019. Her actions not only directly violated the company's policies, but also undermined her long-standing image of supporting working women against sexual discrimination. The Wall Street Journal reported that Sandberg had been investigated by the company. This is probably one of the most direct reasons for Sandberg's resignation. Before that, Sandberg was exposed to be involved in other disturbances. According to the New York Times, public insider information shows that Sandberg knew that Facebook was involved in the Cambridge analysis data scandal and the "Russian intervention" incident during the 2016 US presidential election, but did not intervene. According to the Wall Street Journal, at a meeting, Zuckerberg was very angry about the Cambridge analysis incident, and angrily denounced Sandberg as "directly responsible" for the consequences of the incident. Sandberg was worried about whether he would be kicked out of the company. After the top tycoon georgesoros publicly criticized Facebook and shorted its shares, Sandberg directly asked the Facebook public relations department to conduct opposition research on Soros, a common slander attack in the political field. Zuckerberg: This is "the end of an era" According to Reuters, Zuckerberg said that Sandberg's resignation was "the end of an era". Zuckerberg said, "when Sandberg joined my team in 2008, I was only 23 years old and knew little about running a company. Sandberg contributed to the development of meta today. She taught me a lot. She accompanied me at many important moments in my life, both in personal life and work." According to Zuckerberg's description, in addition to personally building the advertising business, Sandberg's other most important achievement is the formation of a top management team and the formation of an excellent management culture. She has recruited many excellent employees for the company. Now these people have become company executives and report directly to Zuckerberg, including Nick, President of global affairs? Nick Clegg, chief legal officer Jennifer Newstead, chief growth officer Javier olivan, etc. As for Sandberg's replacement after his departure, Zuckerberg said in another post that Javier olivan, chief growth officer, would take over as chief operating officer. Olivan has worked in meta for more than 14 years, and once led the team to operate Facebook, instagram, WhatsApp and messenger. However, Zuckerberg added that he did not intend to directly replace Sandberg's role in the company's existing structure. (Xinhua News Agency)
Edit：Li Ling Responsible editor：Chen Jie
Source：National Business Daily
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