At this point, there's no word on what CEO Mark Zuckerberg will do. Will he appear on his company's conference call? Or will he leave it up to COO Sheryl Sandberg and CFO David Ebersman? Put me down for the latter. And give me another hundred on his absence triggering even more media-generated Facebook hate.
Ever since the Facebook IPO, the popular furor chided Zuck for not making a "statement" about everything that went down. The media ridiculed him for scheduling two of his life's biggest events -- the IPO and his wedding -- back to back. Of course, he's a multi-billionaire now, so Zuck should have just faxed his main squeeze the prenuptial agreement, ordered in a few pizzas and got back to work. As if the media hacks who generate all of this transparent outrage even have a clue about what a CEO like Zuckerberg does.
Let's get one thing clear: Rare-breed visionaries generally do not do conference calls.At Apple (AAPL), Steve Jobs typically delegated the task of conference call play-by-play and color commentary to the CFO (Peter Oppenheimer) and COO (at the time, Tim Cook). You will not find Jeff Bezos on an Amazon.com (AMZN) call, nor will you hear the visionary who created Pandora (P), Tim Westergren, on his company's Webcast. Executives at this level simply do not have time for the dog-and-pony show of a conference call. It's a bit like the elite professional athlete. I often wonder why these guys waste their time and breath answering questions from a gaggle of nerds who never played the game or did not play it all that well. Generally, when former (and respected) players ask the questions, current players give much better answers.
It sounds a bit pompous, but if a hockey player, for example, gave anything other than talking points like, we're just going to take it one day at a time, ya know, eh, would the run-of-the-mill sports reporter or fan understand the response? Highly unlikely. Just look at how investor and Dallas Mavericks owner Mark Cuban schooled (well-known media hack) Skip Bayless on ESPN recently. (This link will take you to an outside source.) That's classic. Even if you're not an NBA fan.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV