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Sheryl Sandberg is leaving Meta's board of directors

Business Insider

Business Insider · 1y ago

Sheryl Sandberg is leaving Meta's board of directors

Sheryl Sandberg, former COO of Facebook and Meta, is leaving Meta's board of directors after 12 years. She stepped down as COO in 2022 but remained on the board. Sandberg expressed gratitude for her time on the board and stated that she will serve as an advisor to the company going forward. Mark Zuckerberg, co-founder and CEO of Meta, thanked Sandberg for her contributions and expressed excitement for their next chapter together.

Related News

Mark Zuckerberg jokes that Sheryl Sandberg raised him 'like a parent'

Business Insider

Business Insider · 1y ago

Mark Zuckerberg jokes that Sheryl Sandberg raised him 'like a parent'

In a recent interview, Mark Zuckerberg praised former Meta COO Sheryl Sandberg, jokingly saying that she "raised him like a parent" and played a crucial role in his growth as a manager. Zuckerberg also highlighted the importance of working with experienced individuals, including Sandberg, in shaping his leadership philosophy and management style. Despite some key departures, Zuckerberg emphasized the strong bond within his current team and the value of having reliable people to rely on as a founder. Sandberg remains an advisor to Meta's board after leaving the company in 2022.

Former Meta official's 'explosive' memoir about the social media giant to be published next week

Economic Times

Economic Times · 5m ago

Former Meta official's 'explosive' memoir about the social media giant to be published next week

Sarah Wynn-Williams, a former director at Meta, details her seven years at the company in her memoir "Careless People," releasing next week. The book offers an insider's perspective on Meta's executives, including Mark Zuckerberg and Sheryl Sandberg, revealing flaws and self-interest. Wynn-Williams discusses Zuckerberg's efforts in China and challenges in addressing hate speech, workplace harassment, and misogyny. The memoir provides a candid look at Meta's culture and the struggles of working motherhood.

Mark Zuckerberg reportedly got mad that someone at Sheryl Sandberg's wedding brought up his widely mocked metaverse avatar

Business Insider

Business Insider · 1y ago

Mark Zuckerberg reportedly became upset when his widely mocked metaverse avatar was brought up in conversation at the wedding of former Meta COO Sheryl Sandberg. The meme of Zuckerberg's avatar, which went viral for its low-quality appearance, led him to redesign it. Bloomberg reported that this incident made Zuckerberg question his PR team's representation of Meta's products and resulted in some members of the team being reassigned. Despite prioritizing AI, Zuckerberg still sees the metaverse as important for Meta's long-term goals.

Entire Dish TV board ousted in shareholder coup

Livemint

Livemint · 1y ago

Entire Dish TV board ousted in shareholder coup

Shareholders of Dish TV India voted against the appointment of four independent directors, leaving the company temporarily without a functional board. This move comes after 13 directors have already been ousted since September 2021, following concerns about poor corporate governance and issues surrounding the company's investments and board composition. Although Dish TV appointed two new directors before the shareholder vote, they did not receive prior approval from the ministry of information and broadcasting. The ongoing tussle between shareholders and promoters reflects dissatisfaction and a lack of agreement on board appointments.

Meta appoints UFC's president to its board | TechCrunch

TechCrunch · 7m ago

Meta appoints UFC's president to its board | TechCrunch

Meta has appointed Dana White, John Elkann, and Charlie Songhurst to its board of directors. White, CEO of UFC, Elkann, CEO of Exor, and Songhurst, a tech investor, bring diverse expertise. Mark Zuckerberg expressed their potential to enhance Meta's ventures in AI and human connection. White is a Trump supporter who sought Zuckerberg's AI advice for UFC. These appointments expand Meta's board to 13 members amidst attempts to align with political dynamics.

Meta spent $6.6 million on private jet flights in 2022 for Mark Zuckerberg and Sheryl Sandberg

Business Insider

Business Insider · 1y ago

Meta spent $6.6 million on private jet flights in 2022 for Mark Zuckerberg and Sheryl Sandberg

Meta, the parent company of Facebook, spent a total of $6.6 million on private jet flights for CEO Mark Zuckerberg and former COO Sheryl Sandberg in 2022, according to The Wall Street Journal. This amount represents a 55% increase since 2019. Zuckerberg's private flights alone cost $2.3 million in 2022, with his jet making 28 trips emitting 17 times more carbon than the average American in a year. In addition, Meta paid approximately $27 million for Zuckerberg's security and private jet travel in 2021. Sandberg's travel expenses are no longer covered by Meta after her departure, but the board agreed to pay for her private security until June 2023 due to ongoing threats. S&P 500 companies reportedly spent $41.3 million on corporate jet travel for CEOs in 2022.

Gen AI startup Ema raises $25M led by Accel, Prosus, others

IndianStartupNews

IndianStartupNews · 1y ago

Gen AI startup Ema raises $25M led by Accel, Prosus, others

Ema, a startup founded by ex-Google employees, is revolutionizing workplace productivity with its Universal AI Employee. Launched in 2023, Ema aims to streamline complex tasks by creating generative AI personas and applications. The company recently raised $25 million in funding led by Accel, Section 32, and Prosus Ventures, with participation from industry leaders such as Sheryl Sandberg. Ema's AI solution, powered by integration with various software applications and language models, has already been adopted in multiple industries for tasks including customer support and compliance. The founders bring a wealth of experience from companies like Coinbase and Okta to Ema's mission.

SEBI should bat for independent Board directors a year before IPO: Mohandas Pai

Livemint

Livemint · 1y ago

SEBI should bat for independent Board directors a year before IPO: Mohandas Pai

The article highlights the importance of having independent directors on the Board of startups and the need for strong corporate governance in the Indian startup ecosystem. Former Infosys board member, TV Mohandas Pai, emphasizes the role of a chairman in managing the board and maintaining a balance between the interests of investors and management. He suggests that startups should appoint independent directors at least two years before going public to ensure transparency and accountability. Pai also calls for reforms in SEBI norms to mandate the presence of independent directors on the board one year before filing for an IPO.

Paytm Payments Bank announces board rejig

Livemint

Livemint · 1y ago

Paytm Payments Bank announces board rejig

Paytm Payments Bank Limited has reconstituted its board of directors following regulatory action from the Reserve Bank of India. The new board members, including former Central Bank of India Chairman Srinivasan Sridhar and retired IAS officer Rajni Sekhri Sibal, have been appointed as independent directors. Paytm founder Vijay Shekhar Sharma will step down as the non-executive chairman and board member to facilitate the transition. The new board is expected to enhance governance and operational standards as the payments bank plans to continue its operations despite RBI's directive to wind down.

Former Sebi chairman backs increased fee for directors | Company Business News

Livemint

Livemint · 8m ago

Former Sebi chairman backs increased fee for directors | Company Business News

Former chairman of the Securities and Exchange Board of India (SEBI), M. Damodaran, has recommended increasing the sitting fees of directors to compensate them appropriately for their time and contributions to improving corporate performance. Currently, only 29 out of 72 surveyed companies paid a sitting fee of ₹1 lakh per meeting in FY24. Damodaran also suggested enhancing the sitting fees for board committee meetings and revisiting profit-linked commission payments to incentivize directors to join and stay on boards. Additionally, he emphasized the importance of younger directors and appropriate tenure for board members.

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