01 June 2022

Leaning Back

The rats are leaving the sinking ship.  Specifically, Sheryl Sandberg is stepping down as COO of the company formerly known as Facebook:

Facebook chief operating officer Sheryl Sandberg said she would leave the social media service after 14 years, marking the departure of one of the most high-profile female executives in the U.S. at a time of tumult for the company.

Sandberg, 52, helped build the world’s most profitable social network alongside Mark Zuckerberg, who she met when the CEO was just 23 and still struggling to turn his viral site into an actual business. She is also one of the wealthiest self-made female billionaires in the world, who charted her own course as a champion of women’s empowerment while writing two best-selling books — one on women in the workplace and the other on grieving for her late husband. She is also a large Democratic donor.
Self made billionaire? Seriously?  She's a doctor's kid who made her money as an executive that other people founded.  This is not a Horatio Alger story.

Between Apple blocking their stalker style advertisements, the growth of newer social media sites, an FTC and DoJ that will no longer allow them to acquire up and coming competitors, and the increasing stench of their corrupt business practices, it's probably a good time for her to get out.

My guess is that she is hoping to avoid the handcuffs.

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