Friday, 17 August 2012

Secular Café: I've always thought Zuckerberg was in over his head

Secular Café
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I've always thought Zuckerberg was in over his head
Aug 17th 2012, 13:06

He's flopped and cheated and wrangled his way along only because of the power of technology and one creative idea (which was only partially his).

Quote:

Is Mark Zuckerberg in over his hoodie as Facebook CEO?
Facebook's stock price slide has raised doubts about Mark Zuckerberg's role as CEO. Some say he should hand the reins to a more seasoned executive.


Restless investors blame Facebook CEO Mark Zuckerberg for several missteps, such as pricing the company's IPO at a stratospheric $100-billion valuation. (Kimihiro Hoshino, AFP/Getty Images / August 17, 2012)

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By Walter Hamilton and Jessica Guynn, Los Angeles Times

August 17, 2012, 5:00 a.m.

The deepening slide in Facebook Inc.'s stock is fueling talk once considered implausible on Wall Street and in Silicon Valley.

Should Mark Zuckerberg, the social media visionary but neophyte corporate manager, step aside as CEO to let a more seasoned executive run the multibillion-dollar company?

In that scenario, Zuckerberg would remain as the creative force propelling Facebook's technological innovation. But the 28-year-old would cede the CEO title to someone better suited to overseeing operations and building rapport with finicky investors — mundane but essential duties for which Zuckerberg has shown little appetite or aptitude.

"There is a growing sense that Mark Zuckerberg, talented though he may be, is in over his hoodie as CEO of a multibillion-dollar public company," said Sam Hamadeh, head of research firm PrivCo. "While in many cases a company founder can, and does, grow into the job, things are happening so quickly that there is precious little time here for Zuckerberg to do that."

Doubts about the Facebook founder intensified Thursday as the stock closed below $20 for the first time. The shares, which slipped to $19.87, have shed nearly half their value since Facebook's disastrous initial public offering three months ago.
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http://www.latimes.com/business/la-f...,2667542.story

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