In fact, he made a move too few people give him credit for when he brought in a strong COO (Sheryl Sandberg) to mind parts of the ship he does not have the time or skills to deal with. She can keep Zuckerberg's long-term visions in check to ensure the near-term runs as smoothly as possible.And now Facebook does something that, honestly, I thought it had already done. It puts Sandberg on its board of directors. Sandberg is not just a pretty face. She's far from a pushover. In fact, she's a heavy hitter. She came to Facebook from Google ( GOOG - Get Report) where she was VP of Global Online Sales and Operations. Prior to Google, she was a Chief of Staff for the U.S. Department of the Treasury. For goodness sakes, Sandberg made more than a quarter of a million dollars just to sit on the board at Starbucks ( SBUX). Why hasn't the hysterical media ever asked the question, why did Zuckerberg bring in a strong and more-than-competent COO like Sandberg? Why didn't he just pull a Reed Hastings and refuse to bring in executives with the guts or ability to push back in any meaningful way? Do you really think Sandberg would take the COO gig at Facebook to be Mark Zuckerberg's "yes-woman?" When the media yelps about Zuckerberg's power over the board and Facebook's "controlled company" status, it not only insults Zuckerberg, it insults Sandberg. And I will tell you this right now, the media rarely mentions Sandberg as a powerful figure in Facebook's organizational structure because she is a woman. Simple as that. If Zuckerberg brought in a former Google VP and government official who happened to be a man, the media would paint a different picture. Instead of here and there, cutesy mentions of Sandberg as Zuckerberg's "right-hand woman," we might actually hear about what a shrewd move Zuckerberg made to bring in somebody capable of implementing checks and balances on his power and lofty vision. Mark Zuckerberg will not abuse his power at Facebook. He earned the right to assume that power because he deserves it. When he hired Sandberg he proved as much. Adding her to the company's board just reinforces the point. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
NFLX) CEO Reed Hastings. If your lemonade stand went public when you were a kid, you probably would have wanted to call the shots, not your best friend's hot sister you gave a token board seat to. But, that perfectly sane and logical reality aside, the media -- and investors who lap up everything the media says (not you!) -- completely misunderstand the power structure at Facebook. In the process, they cheapen Mark Zuckerberg's accomplishments. They discount not only the solid decisions he has made as the business grew rapidly, but his ability to make them in the first place. It stuns me that you can create something out of your dorm that practically "everybody" in the world uses, yet you can't get any respect.
I have been one of the few people to support Zuckerberg before, during and after the IPO. Many months ago on Seeking Alpha and just last month on TheStreet I highlighted a move Zuckerberg made that shows a maturity that goes well beyond his years: