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Tag: Sheryl Sandberg

  • Tech leaders react to Roe v. Wade reversal

    Salesforce CEO Marc Benioff, Microsoft co-founder Invoice Gates, and departing Meta COO Sheryl Sandberg had been amongst noteworthy tech executives talking out publicly on Friday’s Preferrred Courtroom ruling which overturned Roe v. Wade. The ruling ends constitutional proper to abortion within the U.S., which has stood since 1973.

    Apple CEO Tim Prepare dinner, Tesla and SpaceX CEO Elon Musk, Amazon founder Jeff Bezos and lots of another way politically outspoken mission capital traders have thus far remained publicly silent at the ruling.

    Elon Musk’s twitter account, which has 99.5 million fans lately, featured a pinned tweet from Might that stated, “USA start charge has been underneath min sustainable ranges for ~50 years.”

    In September 2021, Musk declined to talk about Texas’ stringent abortion restrictions, and stated he’d slightly keep out of politics. On the other hand, Gov. Greg Abbott stated the Tesla CEO supported his state’s “social insurance policies” at the moment. Extra lately, Musk stated he’d imagine vote casting for Florida governor DeSantis for president. DeSantis is transferring to limit abortions much more in his state these days.

    The court docket’s expected reversal of Roe v. Wade leaves states with the ability to set their very own abortion regulations, together with outright bans on all surgical and drugs abortions. Twenty-six states in general are anticipated to critically limit if no longer absolutely ban abortion after the ruling, in keeping with research via the Guttmacher Institute.

    Abortion bans in Louisiana, Missouri, Kentucky and South Dakota went into fast impact.

    When abortion isn’t criminal or to be had, folks face well being dangers that may be deadly in some circumstances. For instance, a 31-year-old dentist named Savita Halappanavar died of septicemia in 2012 in Eire after she was once denied an abortion throughout a miscarriage. A motion arose after her dying, and Eire later amended its regulations to permit criminal abortions.

    Here is what those tech professionals stated after the ruling was once issued on Friday:

    Marc Benioff, Salesforce CEO

    “I imagine CEOs have a accountability to handle their staff—it doesn’t matter what. Salesforce strikes staff after they really feel threatened or revel in discrimination. To our Ohana—we at all times make sure to have the most efficient advantages & care, & we will be able to at all times have your again. At all times. [heart emoji]”

    Invoice Gates, Microsoft co-founder –

    “It is a unhappy day. Reversing Roe v. Wade is an unjust and unacceptable setback. And it places girls’s lives in danger, particularly essentially the most deprived.”

    Jeff Lawson, Twilio CEO –

    “This is a darkish day in our country’s historical past. Stripping away this fundamental human proper disproportionately affects essentially the most susceptible girls around the nation. Each I and Twilio reinforce each girl’s proper to select.”

    “Whether or not the problem is gun protection, girls’s rights, and even electing officers with a majority of the votes, it is getting tougher and tougher for presidency to mirror the desire of the bulk. Incessantly instances the overwhelming majority. We’d like reform.

    “I imagine the very legitimacy of our executive beginning to come into query. Between a superbly gerrymandered area, a senate dominated via filibuster-ready minority, and a Preferrred Courtroom whose ethical authority is eroded via misappropriated seats… It is time for reform.”

    Sheryl Sandberg, departing Meta COO:

    On a public Faceboook put up:

    “I grew up listening to tales from my mother about what girls in our nation went via sooner than Roe. My Mother had a pal who left the rustic to get a secure abortion. Most ladies may no longer have the funds for to try this; some had back-alley abortions, which led all too ceaselessly to severe well being headaches and now and again even dying. All girls knew that they may be able to face unattainable possible choices between controlling their futures and their well being and breaking the regulation.

    “I by no means concept my mother’s previous would transform my daughters’ futures. I can’t imagine that I will ship my 3 daughters to school with fewer rights than I had.

    “The Preferrred Courtroom’s ruling jeopardizes the well being and the lives of tens of millions of women and girls around the nation. It threatens to undo the development girls have made within the administrative center and to strip girls of monetary energy. It is going to make it tougher for girls to succeed in their goals. And it’s going to disproportionately have an effect on girls with the fewest assets.

    “It is a massive setback. For ourselves, our daughters, and each technology that follows, we should stay up the battle. In combination, we should offer protection to and enlarge abortion get entry to.”

    Jeremy Stoppelman, Yelp CEO –

    “Nowadays’s SCOTUS ruling places girls’s well being in jeopardy, denies them their human rights, and threatens to dismantle the development now we have made towards gender equality within the administrative center since Roe. Industry leaders should discuss out now and make contact with on Congress to codify Roe into regulation.”

    Susan Wojicki, YouTube CEO –

    “As a CEO I acknowledge there are a spectrum of evaluations at the SCOTUS ruling these days. As a girl, it is a devastating setback. I for my part imagine each girl must have a call about how and when to transform a mom. Reproductive rights are human rights.”

  • Sheryl Sandberg says she couldn’t focal point on philanthropy at Meta: ‘It isn’t a task that you’ll be able to do and in addition do different issues’

    When Sheryl Sandberg joined Fb in 2008, she knew she was once committing to greater than your conventional 9-to-5 activity.

    However the departing Meta COO says she did not understand the “24/7” activity would ultimate 14 years. CNBC’s Julia Boorstin not too long ago stuck up with Sandberg, who mentioned she first of all simplest anticipated to stick at Fb for 5 years – and that her dedication to the corporate left little time for philanthropic tasks or different non-public pursuits.

    “It is a activity that I like, however it is 24/7,” Sandberg, 52, mentioned, in a while after she introduced she was once stepping down as COO in a Fb submit the previous day. “It isn’t a task that you’ll be able to do and in addition do different issues.”

    Going ahead, Sandberg mentioned, she plans “to concentrate on philanthropy” and “[carving] out more room to do extra for girls,” reasonably than discovering every other company function. “I do not wish to inform you how a lot you have to focal point on serving to girls now,” she informed Boorstin, who has labored on CNBC’s Remaining the Hole protection of girls’s development within the place of work.

    In her Fb submit, Sandberg wrote that she first joined the corporate in particular to set an instance for younger women, noting that she had two small children on the time and was once undecided if it was once “the correct time for a brand new and important function.”

    “The messages had been all over the place that girls – and I – may now not be each a pacesetter and a just right mom, however I sought after to present it a take a look at,” she wrote. “My hope was once to … assist extra girls consider they are able to and will have to lead.”  

    In 2013, Sandberg introduced Lean In, an initiative that is helping firms strengthen girls and workers with marginalized identities. The group stocks a reputation with “Lean In: Girls, Paintings, and the Will to Lead,” a e book Sandberg co-wrote that very same 12 months. It is unclear if Sandberg tackle a bigger objective inside that group or chart new paths.

    Sandberg mentioned she’ll stay on Meta’s board for no less than the preliminary long run, with Meta leader expansion officer Javier Olivan changing into the corporate’s subsequent COO.

    Her departure follows hypothesis of a rising schism inside Meta between her and CEO Mark Zuckerberg. The 2021 e book “An Unpleasant Reality: Within Fb’s Fight for Domination,” written via New York Occasions generation journalists Sheera Frenkel and Cecilia Kang, referenced accounts from Meta workers who famous pressure between the 2 leaders following a sequence of political scandals involving Fb.

    The ones scandals incorporated allegations that Fb helped swing the 2016 U.S. presidential election to Donald Trump, the 2018 Cambridge Analytica affair – wherein a political consulting company running for Trump hijacked non-public information from Fb customers – and ex-Fb product supervisor Frances Haugen’s testimony to Congress ultimate 12 months that Fb’s algorithms prioritized visitors over consumer protection.

    On the time, a Fb spokesperson informed the New York Occasions that the e book’s characterization of Zuckerberg and Sandberg’s courting was once false. Sandberg and Zuckerberg have additionally not too long ago praised each and every every other in public venues. Sandberg informed Boorstin that even supposing she’s stepping down from Zuckerberg’s corporate, she desires to “[make] positive other folks understand how a lot I consider in Meta. That is why I am staying at the board and serving to with the transition.”

    In a while after Sandberg introduced her departure, Zuckerberg printed his personal Fb submit, calling their 14-year partnership “deeper than simply trade.”

    “Sheryl architected our commercials trade, employed nice other folks, solid our control tradition, and taught me easy methods to run an organization,” he wrote. “It is atypical for a trade partnership like ours to ultimate see you later. I feel ours did as a result of Sheryl is such a fantastic individual, chief, spouse, and buddy.”

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    Do not omit:

    Mark Zuckerberg on Sheryl Sandberg’s superpower: ‘It’s simply exceptionally uncommon to seek out other folks’ with each ‘IQ and EQ’

    Sheryl Sandberg is leaving Fb. Right here’s how a lot you’d have if you happen to invested $1,000 within the corporate at its IPO

  • Sheryl Sandberg offered $1.7 billion value of Fb inventory over the past decade

    Sheryl Sandberg leaves Meta as one of the most highest-profile and maximum a hit ladies in tech — and after greater than $1.7 billion in inventory gross sales.

    Sandberg introduced Wednesday that she is stepping down from her function as leader working officer after 14 years at Meta, previously referred to as Fb. Sandberg will stay at the social media corporate’s board.

    Sandberg’s wealth totals an estimated $1.6 billion, in keeping with Forbes, making her the second one wealthiest girl in tech after Meg Whitman. Whitman prior to now held the highest task at Hewlett Packard Endeavor and is value an estimated $3.2 billion, in keeping with Forbes.

    Sandberg may be one of the most uncommon non-CEOs and non-founders to turn into a billionaire.

    Whilst many company executives generally tend to carry directly to the majority in their stocks as a display of self belief of their firms, Sandberg has been an competitive and constant supplier of Fb (now Meta) inventory.

    During the last decade, Sandberg has offered over 75% of her after-tax stocks thru incessantly scheduled percentage sale methods, in keeping with analysis companies that monitor the gross sales. In overall, she offered over 22 million stocks for greater than $1.7 billion, in keeping with analytics company VerityData. Relying at the remedy of choices and limited inventory gross sales, the full may just if truth be told be upper, in keeping with every other analytics company, Good Insider, which calculates her inventory gross sales at nearer to $1.9 billion.

    “Her gross sales over the last decade makes her one of the most largest insider dealers at any U.S. corporate,” mentioned Ben Silverman, director of analysis at VerityData.

    A spokesperson for Sandberg mentioned she got 48 million limited inventory gadgets, choices and stocks throughout her time on the corporate. About 20 million have been offered for taxes, and she or he offered 22 million of the remainder 28 million thru a 10b5-1 pre-schedule promoting program.

    Sandberg cashed out stocks at quite a lot of costs as Fb stocks soared. The inventory priced at $38 according to percentage within the corporate’s preliminary public providing in 2012 and peaked above $382 according to percentage in September.

    Sandberg’s reasonable inventory sale worth over the last decade used to be $79.10 according to percentage, in keeping with VerityData, together with her most up-to-date sale in October 2019.

    Regardless of her billionaire standing, Sandberg hasn’t proven the penchant for yachts, non-public jets and seaside houses proven through different tech tycoons. Consistent with media experiences, in 2013 she moved right into a newly constructed, 9,200-square-foot house in Menlo Park, California, with regards to Fb’s headquarters, that includes a wine room, gymnasium, waterfall and sun panels at the roof.

    Sandberg has additionally proficient one of the vital proceeds of her gross sales to charity. In 2016, she gave $107.2 million to her donor-advised fund at Constancy Charitable. On the time she did not say which charities she would fund, however has mentioned she plans to toughen methods that build up alternatives for girls and women.

    Sandberg’s spokesperson mentioned she had made overall reportable presents of four.9 million stocks, with 2.8 million stocks to her donor-advised fund and a pair of.1 million irrevocable transfers to trusts for beneficiaries. Good Insider estimates Sandberg has given away $484 million in stocks.

    In pronouncing her departure on Wednesday, Sandberg mentioned the verdict to go away Meta will permit her to center of attention extra on her philanthropic paintings.

    Sandberg has additionally been an lively political donor, contributing to Democratic applicants and regularly internet hosting Democratic fundraisers.

    She nonetheless owns just about 1.5 million stocks, with a present marketplace worth of about $290 million, in a revocable agree with. She additionally has 333,642 stocks of unvested limited inventory, a few of which might vest sooner than she leaves.

    Meta stocks closed on Wednesday at $188.64.

  • Sheryl Sandberg Is Leaving Fb

    After a tumultuous decade within the govt suite, Meta (née Fb) COO Sheryl Sandberg is leaving the corporate.

    Sandberg broke the scoop in a while earlier than the shut of buying and selling on Wednesday, and then stocks within the corporate that made her a billionaire fell sharply.

    In a long Fb put up, Sandberg mirrored in vast strokes on her 14 years on the corporate and what sort of it, and the sector at huge, have modified.

    “The controversy round social media has modified past reputation since the ones early days,” she wrote. “To mention it hasn’t all the time been simple is a real understatement.”

    Sandberg stated she plans to depart the corporate q4 and can stay at the corporate’s board of administrators, however didn’t describe her post-Meta plans in nice element.

    The transfer indicators an enormous interior energy shift at Meta. As CEO Mark Zuckerberg’s best lieutenant courting again to 2008, Sandberg oversaw a good portion of the corporate’s sprawling ― and scandal-prone ― day by day operations.

    Sandberg’s departure coincides with Meta in the hunt for to reposition itself as a pioneer of what Zuckerberg describes because the “metaverse,” a nascent and slightly ill-defined digital truth push. (Critics argue that the rebrand has extra to do with rehabbing the corporate’s well-earned and horrible public symbol.)

    To that finish, the brand new title will grow to be reputable on June 9, when its inventory ticker is scheduled to modify over from “FB” to “META.”

  • Meta COO Sandberg reportedly attempted to dam information tale about Activision CEO Kotick

    Sheryl Sandberg, leader running officer of Fb Inc.

    David Paul Morris | Bloomberg | Getty Photographs

    Meta Leader Working Officer Sheryl Sandberg used to be reportedly a part of a force marketing campaign to stop the Day-to-day Mail from publishing an negative record about Activision Snowstorm CEO Bobby Kotick, consistent with a Wall Boulevard Magazine article printed Thursday.

    Fb is now reviewing whether or not Sandberg violated the corporate’s regulations, the record mentioned.

    Sandberg and Kotick had been relationship on the time that she reportedly contacted the virtual version of the Mail in 2016 and 2019 about shelving a tale a few brief restraining order a former female friend of Kotick’s got in opposition to him in 2014. The Magazine cited unnamed assets concerned within the article and the marketing campaign to forestall it.

    Sandberg and Kotick reportedly labored with a workforce together with Fb and Activision workers to plot a option to persuade the Mail to not put up the thing. Sandberg’s advisors had been apprehensive it would mirror poorly on her because of her popularity advocating for ladies, consistent with the record.

    Kotick has extra not too long ago come underneath hearth for his reported wisdom of sexual misconduct allegations at Activision.

    “Sheryl Sandberg by no means threatened the MailOnline’s trade courting with Fb as a way to affect an article choice,” a Meta spokesperson mentioned in a observation. “This tale makes an attempt to make connections that do not exist.”

    There have been reportedly “conflicting accounts” about Sandberg’s actual language and whether or not she “without delay invoked Fb” in talking with the Mail. However the record mentioned the social media massive’s huge affect on distribution within the information business will have had a vital affect with out an immediate risk.

    Activision’s board mentioned in a observation it is been acutely aware of the reported 2014 incident, apparently in connection with the restraining order.

    “Across the time of the incident in 2014 , Mr. Kotick notified the senior Impartial Director of the Board, has due to this fact up to date the whole Board and has been totally clear with the Board,” it wrote. “The Board, via its recommend Skadden Arps, has accomplished an intensive exam of the details and instances of the occasions, glad itself that there used to be no benefit to the allegations, and notes that they fear a non-public courting that has not anything to do with the trade of the Corporate. The Board continues to have complete self assurance in Mr. Kotick’s management and his talent to run the Corporate.”

    Microsoft introduced in January it plans to procure Activision Snowstorm in a $68.7 billion all-cash deal.

    The Day-to-day Mail didn’t straight away reply to a request for remark.

    Learn the whole record at The Wall Boulevard Magazine.

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    WATCH: Sheryl Sandberg says breaking apart Fb does not cope with large underlying problems

  • Mark Zuckerberg on Sheryl Sandberg’s superpower: ‘It is simply exceptionally uncommon to seek out other folks’ with each ‘IQ and EQ’

    In step with Meta CEO Mark Zuckerberg, one dating has “outlined the expansion” of the social media corporate: his 14-year partnership with COO Sheryl Sandberg.

    On a contemporary episode of “The Tim Ferriss Display” podcast, hosted through tech marketing consultant and self-help writer Tim Ferriss, Zuckerberg mentioned that Sandberg’s skill to stability industry technique with skilled relationships each stepped forward the corporate and created a high-profile type of the perfect Meta worker.

    A lot of that, Zuckerberg mentioned, is because of her “distinctive” skillset. “I believe she has an excellent aggregate of IQ and EQ,” Zuckerberg mentioned. “In the event you get any individual who is nice at technique or nice at product and they are now not an excellent supervisor, that is nice. If you’ll have any individual who is very good at a kind of issues, you rent them each day. I believe it is simply exceptionally uncommon to seek out individuals who spike in either one of the ones spaces.”

    Whilst IQ measures a person’s highbrow reasoning, EQ — which stands for emotional quotient — is an individual’s skill to know, show off and arrange their feelings. EQ abilities, continuously known as “emotional intelligence,” are specifically helpful when managing tension, speaking and empathizing with others, and navigating warfare.

    Zuckerberg pointed to Meta’s early days for instance of ways Sandberg’s aggregate of IQ and EQ helped allow the corporate to develop previous the start-up section.

    To start with, he mentioned, it used to be simple to be “blunt and direct” with colleagues when there merely were not very many staff within the construction. As the corporate expanded, each in scale and scope, the body of workers was extra well mannered — making it “more difficult to present arduous comments,” Zuckerberg mentioned.

    Sandberg used to be the exception, constantly pushing her colleagues with positive grievance, Zuckerberg mentioned.

    “Sheryl at all times says that the volume of growth that we make is immediately proportional to the choice of arduous conversations that we are keen to have,” he mentioned. “So looking to construct that into the cultural operation machine — which is, ‘we are simply going to actually praise and concentrate on being direct with every different’ — I believe is a actually essential factor.”

    Mavens say that technique to management — prioritizing emotional intelligence simply up to, or greater than, guide smarts — is continuously how one can cross. The trait makes leaders compelling as a result of their “skill to spot and observe feelings (of their very own and of others),” Harvard psychologist Daniel Goleman, who focuses on EQ, wrote for CNBC Make It in 2020.

    Emotional intelligence is not a born trait, Goleman famous: Somewhat, abilities like social consciousness, self-awareness and dating control are received thru aware follow.

    Most likely the ones abilities can most effective get you thus far. In recent times, studies from inside of Meta have cited emerging tensions between Zuckerberg and Sandberg.

    A July 2021 guide titled “An Unsightly Reality: Within Fb’s Fight for Domination,” written through New York Instances generation journalists Sheera Frenkel and Cecilia Kang, referenced accounts from Meta staff who famous a pressure between the 2 leaders following a chain of political scandals targeted round Fb.

    The ones scandals incorporated allegations that Fb helped swing the 2016 U.S. presidential election to Donald Trump, the 2018 Cambridge Analytica affair – wherein a political consulting company running for Trump hijacked private information from Fb customers – and ex-Fb product supervisor Frances Haugen’s testimony to Congress final 12 months that Fb’s algorithms prioritized visitors over consumer protection.

    “The Trump technology examined a central dating at Fb — between Ms. Sandberg and Mr. Zuckerberg — and she or he was an increasing number of remoted,” Frenkel and Kang wrote. “The view from throughout the higher echelons of the corporate used to be transparent: It felt as despite the fact that Fb used to be now not led through a No. 1 and No. 2, however a No. 1 and lots of.”

    On the time, a Fb spokesperson advised the New York Instances the characterization used to be false, and that Sandberg’s function inside the corporate had now not modified.

    Meta, Zuckerberg and Sandberg didn’t right away reply to CNBC Make It is request for remark.

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  • Google, Fb CEOs oversaw unlawful advert public sale deal that gave Fb a bonus, states allege

    Fb Chairman and CEO Mark Zuckerberg (L) and Google CEO, Sundar Pichai.

    REUTERS

    Leader executives of Google and Fb for my part oversaw an unlawful 2018 deal that advantaged Fb on Google’s advert auctions, a gaggle of state legal professionals basic led by way of Texas allege in an amended antitrust criticism in opposition to Google on Friday.

    Fb, not too long ago renamed Meta, isn’t indexed as a defendant within the criticism.

    The criticism additionally alleges Google manipulated its advert pricing tiers underneath a secret program known as Challenge Bernanke that got rid of second-place bids on advert auctions. It allowed Google to pocket a part of the adaptation between first and third-place bids whilst additionally harming publishers that depend on advert income and who can have made extra from upper bids.

    Beneath the settlement with Fb, Google and Fb illegally collaborated to lower costs paid to publishers, reduce out rival advert networks and manipulate advert auctions operated by way of publishers, the criticism says.

    The brand new submitting displays simply how a ways up the association, alleged in previous filings, went. Fb Leader Running Officer Sheryl Sandberg, whose title is redacted within the criticism, known as the settlement “a large deal strategically” in an e mail together with CEO Mark Zuckerberg, whose title was once additionally redacted. Sandberg and Google CEO Sundar Pichai signed off at the deal’s phrases, the states allege, noting Sandberg was once in the past a high-ranking government in Google’s promoting trade. Sandberg’s signoff was once previous reported by way of The Wall Side road Magazine.

    In line with the 0.33 amended criticism within the case, Google made the deal after Fb introduced a transfer that may assist publishers and advertisers get round Google-imposed charges for promoting via its services and products. The states alleged Google feared a long-term danger to its advert server monopoly if sufficient patrons had been ready to avoid its charges.

    An inside Fb report quoted within the criticism allegedly stated that partnering with Google could be “moderately reasonable in comparison to construct/purchase and compete in zero-sum advert tech sport.” Google allegedly code-named the association “Jedi Blue,” referencing Fb’s blue emblem.

    The gang of 16 states and Puerto Rico alleged that this and different movements Google took within the web advertising area sought to illegally maintain its monopoly energy, violating the Sherman Antitrust Act.

    Google has in the past strongly rejected the claims within the Texas-led lawsuit, with Director of Financial Coverage Adam Cohen calling it in a 2021 weblog publish a “deceptive assault.” A Google spokesperson stated Friday that the corporate would report a movement to disregard subsequent week and stated that the case stays “stuffed with inaccuracies and lacks felony advantage.”

    The Google spokesperson known as states’ characterization of the Fb association faulty, pronouncing, “We signal masses of agreements once a year that do not require CEO approval, and this was once no other.”

    The spokesperson added that the settlement was once publicized on the time, linking to a Fb weblog publish from 2018 naming Google as considered one of its new bidding generation companions.

    Stocks of Meta had been up greater than 1% midafternoon on Friday whilst Google dad or mum Alphabet rose just about 1%.

    The settlement, in keeping with the Google spokesperson, merely lets in the Fb Promoting Community and advertisers it represents “to take part in Open Bidding, identical to over 25 different companions do. That is helping build up call for for writer advert area and is helping publishers earn extra income, as we give an explanation for right here.”

    A Meta spokesperson stated Friday in a commentary that its “non-exclusive bidding settlement with Google and the identical agreements we now have with different bidding platforms, have helped to extend pageant for advert placements. Those trade relationships permit Meta to ship extra worth to advertisers whilst somewhat compensating publishers, leading to higher results for all.”

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    WATCH: Google faces speedy and livid tempo of court cases as antitrust scrutiny intensifies