Zuckerberg turns 28, Facebook IPO could be $100B gift
Posted on | May 13, 2012 | No Comments
Facebook's chief executive turns 28 on May 14, adding to what could be the social network's biggest week ever. The company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday. The IPO could value Facebook at nearly $100 billion, making it worth more than such iconic companies as Disney, Ford and Kraft Foods.
At 28, Mark Zuckerberg is exactly half the age of the average S&P 500 CEO, according to executive search firm Spencer Stuart. With eight years on the job, he's logged more time as leader than the average CEO, whose tenure is a little more than seven years, according to Spencer Stuart. Even so, the pressures of running a public company will undoubtedly take some getting used to. Once Facebook begins selling stock, Zuckerberg will be expected to please a host of new stakeholders, including Wall Street investment firms, hedge funds and pension funds who will pressure him to keep the company growing.
A $100B IPO may be a great birthday gift...but is it really worth the public price tag? Call me in a few months when Zuckerberg is told to step up or move over.
Category: Technology
Yahoo! CEO Scott Thompson: Hey hey hey...goodbye
Posted on | May 13, 2012 | No Comments
On January 4 of this year I was asking: Who is Scott Thompson? The simple answer at the time was Yahoo! Inc's new CEO...well it seems only 4 months later Thompson's is Yahoo! Inc's former CEO.Thompson is out after it was found he fluffed his resume with an embellished college degree. On Sunday Yahoo! confirmed Thompson "has left the company" in a statement posted late Sunday afternoon, after two news reports announced the same.
Yahoo!'s media chief Ross Levinsohn has been named interim CEO, the company said. Levinsohn had earlier been rumored as a successor to Carol Bartz, who was fired from Yahoo! in September of 2011.
Well, it seems Thompson was not Yahoo!'s saving grace as I asked in January. Or he could be if you call this shift to Levinshon the move that should have happened several months ago and the firing of Thompson has saved Yahoo! after all--so meta! Might the Board members at Yahoo! return to the original short list?
Mother's Day: Thankful for my many mothers
Posted on | May 13, 2012 | No Comments
I have a tendancy to write about my mother on two ocassions during the year: my birthday and mother's day.
It is at those points during the year that I generally find myself missing her the most. Wondering what life would be like if she were here. How different would things be...if at all--I am sure they would be different.
She died in April of 1995 only days before her birthday.
At the age of 14 I was angry. I was angry because my mother was gone and no one would love me the way she loved me. I was angry because so much of my life was still unexplored and no longer would she be there to explore it with me.
It took me sometime to go from a place of anger to a place of understanding that in life things happen and sometimes we can't explain them...but we can learn and move on from all experiences and in the end things go as they should. My mother's death set my life on a path which I could have never foreseen at the age of 14.
Since her death I have had such great female influences in my life and the figure of the matriarch was not wanting.
The women I thank for building on the foundation which my mother set are amazing people who gave of their time and their hearts to help me become the person I am today and the person I am yet to become. I wake up daily thankful for these women, for their honest words, for their warm hearts, their tender hugs and their caring tones.
I am thankful for my many mothers.
By the numbers...
Posted on | May 12, 2012 | No Comments
Obama: Gay marriage 'should be legal'
Posted on | May 9, 2012 | No Comments
Obama comes out in support of gay marriage... Was this timing right? Will it impact his campaign? Will it reestablish that bass of voters who helped get him to the White House? keep looking »
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