Shareholders have repeatedly tried to topple Facebook’s chair Mark Zuckerberg. The council has persistently rebuffed that involve. Outside investors are unlikely to get much is contributing to that push from Facebook’s newest board member: Dropbox co-founder and CEO Drew Houston.
The addition of Houston is the first since the departure of Dr. Susan Desmond-Hellmann from the board in October. She was the lead independent director and that character remains empty. While the “independent” status are relevant to fiscal ties, business digression, Houston and Zuckerberg’s personal relationship might have complicated the storage startup supervisor asuming that position.
Zuckerberg and Houston have been close for 8 years, appearing in photos together since at least 2012 when they rode around the exclusive Allen& Co Sun Valley conference together( ascertained above ). A less flattering moment envisioned Zuckerberg and ex-Uber CEO Travis Kalanick celebrating Houston’s birthday at a” Babes& Balls” themed defendant at ping-pong bar Spin in San Francisco.
Houston has also witnessed a mentor in Zuckerberg, who went through the trials of an initial public offering with Facebook a few years before Dropbox moved the jaunt. Houston told Bloomberg in 2015 that “[ Zuckerberg’s] applied me a good deal of admonition simply on firm scaling, how do you unionize beings, how do you lay out these systems .”
Houston is an accomplished technologist, graduating in computer science from MIT where he came up with the relevant recommendations for Dropbox. As Facebook undertakes an integration of its messaging apps to expand end-to-end encryption, Houston’s counseling could perform the company well.
But given Dropbox has come under less scrutiny for its content moderation and impact on society, two issues persistently facing Zuckerberg and Facebook, he may have less to add on the topics than Desmond-Hellmann. “Shes been” the CEO of the Bill& Melinda Gates Foundation philanthropy and the chancellor of University Of California, San Francisco.
Facebook’s shareholders have proposed removing Zuckerberg from his persona as Chairman of the board multiple times, including in late 2018 and mid 2019. But the rest of the board have continued to support Zuckerberg, who has accepted blame for failing to emphasize safety earlier and warned of the current profit slowdown as Facebook invests in security and content moderation. Despite constant backlash and a rough reaction to its earnings last week, Facebook’s share price remains near its all-time high.
Facebook’s board now includes Zuckerberg; Peggy Alford of PayPal, Marc Andreessen of Andreessen Horowitz, Kenneth I. Chenault of General Catalyst, Sheryl K. Sandberg of Facebook, Peter A. Thiel of Founders Fund, Jeffrey D. Zients of the Cranemere Group, Houston.
Those hoping for board members who will positioned greater pressure on Zuckerberg may need to look towards who eventually crowds the independent card conductor place. Netflix CEO Reed Hastings who was known to push back at Zuckerberg more than other members left the board last year.
Facebook would benefit greatly from an independent committee conductor with a healthy elevation of skepticism about how the social network affects republic, international human rights, and people’s attention. Zuckerberg and his inner circle are known as optimists who consider the potential of technology to improve our lives. But Facebook has done a better place at fulfilling that opportunity than safeguarding against the side effects of connecting everyone — particularly those happy to exploit or degrade others out of greed for capital or power. Facebook’s 2.5 billion consumers would gain more if its next members of the security council had more perspective on the consequences of technology and the turmoil it can cause in developing nations around the world.
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