Quotes

1. There have been some significant high-level departures that have raised a lot of concerns.

2. A Negative Network Effect suggests that departures will continue, and since we believe that people are a key competitive advantage of FAANG companies, this implies accelerating value destruction until senior executive turnover ends.

3. The manifesto leaves FB's business model unchanged. That is not acceptable.

4. The goal is to give investors the opportunity to express an opinion about whether an independent board chair is a good idea or not and to give the board that information.

Topics Mentioned

• Board of Directors
• Management
• Investors
• Facebook
• culture
• Harvard
• Congress
• Uber
• elections
• Mark Zuckerberg
• New York Times
• Sheryl Sandberg
• Instagram
• Travis Kalanick
• Lyft
• voting control
• CEO
• sexual harassment

Authors

• Therese Poletti