Sheryl Sandberg

Sheryl Sandberg, one of Silicon Valley's most prominent executives who helped build Facebook into a global tech juggernaut, is stepping down as chief ...

Sandberg arrived at Facebook after years of working as a manager in advertising at Google. The firm would later assist the 2016 presidential campaign of Donald Trump. Fourteen years later, it is time for me to write the next chapter of my life," Sandberg wrote. Javier Olivan, another executive at the company, will takeover as chief operating officer when Sandberg departs the role this fall. Earlier this year, Kotick announced he was stepping down from Activision Blizzard amid a sexual harassment scandal. Zuckerberg once said she "handles things I don't want to," he told the New Yorker in 2011.

Facebook parent Meta's Chief Operating Officer Sheryl Sandberg, whose close partnership with Chief Executive Officer Mark Zuckerberg powered the growth of ...

Fourteen years later, it is time for me to write the next chapter of my life," she wrote. She will continue to serve on Meta's board after leaving the company in the fall, she said. Sandberg is one of the most visible executives at Meta and has long been a staunch defender of the company's often-criticized business model and its founder, Zuckerberg.

Sandberg joined the company in 2008 and will leave the company this fall, although she will continue to be on Meta's board.

The products we make have a huge impact, so we have the responsibility to build them in a way that protects privacy and keeps people safe.” The company has earmarked $10bn for the metaverse over the next year and plans to consistently spend more in coming years, Zuckerberg announced last year. The company is boosting efforts to retain young users – a key advertising demographic that has been leaving Zuckerberg has bet big on his hopes for the “metaverse”, an augmented and virtual reality space where people can interact through avatars in a shared world. The billionaire executive led the company’s advertising business and was responsible for nurturing it from its infancy into a Silicon Valley behemoth. Fourteen years later, it is time for me to write the next chapter of my life,” Sandberg wrote on Facebook.

Sheryl Sandberg is stepping down as the chief operating officer of Facebook's parent company Meta after 14 years, a major shake-up in which chief executive ...

Sheryl Sandberg, one of Silicon Valley's most prominent executives who helped build Facebook into a global tech juggernaut, is stepping down as chief ...

Sandberg is leaving at a time when Facebook, which rebranded last year as Meta, attempts to reinvent itself as a hardware company focused on the virtual reality-powered metaverse. Sandberg arrived at Facebook after years of working as a manager in advertising at Google. Facebook reviewed whether Sandberg's actions violated company rules, but the findings have not been made public. After her husband Dave Goldberg died suddenly in 2015, she wrote another book on how to navigate grief called "Option B." Sandberg will stay on Meta's board of directors, according to the company. Fourteen years later, it is time for me to write the next chapter of my life," Sandberg wrote.

The longtime chief operating officer of Facebook's parent company, Ms. Sandberg said it was “time for her to write the next chapter of my life.”

In the interview, Ms. Sandberg said Meta faced near-term challenges but would weather the storm as it had during past challenges. As a key lieutenant to Mr. Zuckerberg, Ms. Sandberg helped build up Facebook’s business in the company’s early years and was regarded as the adult in the room. In 2016, she told colleagues that if Hillary Clinton, the Democratic presidential nominee, won the White House she would most likely assume a job in Washington, three people who spoke to her about the move at the time said. Ms. Sandberg was responsible for the policy and security team at the company during that election. “It’s unusual for a business partnership like ours to last so long,” he wrote. But as the company has been spending heavily on metaverse products, its advertising business has stumbled, partly because of privacy changes made by Apple that have hurt targeted advertising. Ms. Sandberg, 52, said she was leaving Meta — which owns Facebook, Instagram, WhatsApp and other apps — this fall and that she planned to continue serving on the company’s board of directors. Ms. Sandberg, who was one of Facebook’s most visible executives, was unable to recover from those stumbles. Last year, Mr. Zuckerberg renamed the company Meta and announced it would become a key provider of the metaverse, an immersive online world. Facebook’s advertising business flourished under her, and Ms. Sandberg used her corporate fame to speak up on other issues, such as what women could achieve in the workplace. “I believe in this company,” Ms. Sandberg said in the interview. Mr. Zuckerberg named Javier Olivan, a longtime product executive, as Meta’s next chief operating officer.

The chief operating officer saw Facebook through multiple controversies and turned into the profitable juggernaut it is today.

“This is the end of an era – and probably a good reason why Sheryl decided this was time to leave. That shift comes as Meta makes an even broader pivot away from the social media business and into the virtual reality space. Under Sandberg’s watch, Meta platforms became “a right-wing playground where misogyny, racism, disinformation” proliferated, said Shaunna Thomas, co-founder of women’s rights group UltraViolet.

The chief operating officer of Meta told Forbes she wants “more control over what I do with my own time on a daily basis,” and will focus on philanthropic ...

Meta launched a review of Sandberg’s actions to investigate whether she violated corporate protocols, sources close to Sandberg told the Journal, but in a statement to the Journal, a Meta spokesperson said Sandberg didn’t use her influence at the company to pressure the Daily Mail. Zuckerberg said Wednesday that Sandberg met him when he was 23 and “barely knew anything running a company,” adding the outgoing Meta COO “architected our ads business, hired great people, forged our management culture, and taught me how to run a company.” Sandberg has also been a vocal advocate for women, including through her 2013 book Lean In, in which she encourages women to advocate for themselves at work and at home. Sandberg came to Meta—which was previously known as Facebook—in March 2008, after working for Google and the Clinton-era Treasury Department. Over the last 14 years, she has helped grow the company into one of the tech industry’s most influential players.

With that the chief operating officer of Meta, the social network's parent company, announced her resignation. The year she joined Facebook made $272m in ...

He is the only founder still calling the shots at one of America’s tech giants. The exit of Mr Zuckerberg’s adult supervisor seems to alarm investors. One of her books, “Lean In”, became synonymous with female empowerment in the boardroom. Ms Sandberg flourished in the role. But over the past few years speculation grew that the relationship was fraying. “When I took this job in 2008, I hoped I would be in this role for five years,” wrote Sheryl Sandberg on her Facebook page on June 1st.

Sandberg joined Facebook in early 2008 as the No. 2 to Facebook CEO and co-founder Mark Zuckerberg.

Javier Olivan, the company's chief growth officer, will take over as COO this fall. In 2015, she was faced with the unexpected death of her husband Dave Goldberg, who suffered cardiac arrhythmia and collapsed on a treadmill. The move is not because of the company's regulatory overhang or its current advertising slowdown, she said.

While Mark Zuckerberg has announced a successor for Sheryl Sandberg, major changes in the running of the company are afoot.

Of course, the impact of Facebook and its parent company Meta has not always been seen as positive. This team will be focused on developing AI-led recommendations engines for users on Facebook and Instagram. “I’m going to miss running this company with Sheryl,” Zuckerberg wrote in his statement. Zuckerberg also credits Sandberg with having forged the management culture at Meta, and teaching him how to run a company. She joined in 2008 when co-founder Zuckerberg was 23 and she was 15 years his senior. Sandberg was first introduced to the company when it was simply The Facebook, a social network for US college students.

Sandberg, the chief operating officer, has been Zuckerberg's number 2 for 14 years.

Sandberg has been with the company since 2008, and has often been credited with helping shephard it from the business Mark Zuckerberg started in his dorm room to a $100 billion publicly traded company. "The debate around social media has changed beyond recognition since those early days. To say it hasn't always been easy is an understatement. The internal research documents showed Meta leaders were aware its technology recommends content to users that can lead them down a rabbit hole of misinformation and conspiracy theories. Olivan, who's been working at Meta since 2007, said in a Facebook post that his new role will not have the same "public-facing aspect" as Sanderberg's. Zuckerberg said Sandberg leaving the company is "the end of an era."

Sandberg will remain on the company's board of directors while transitioning out of the role this fall.

It was reported that the company’s ‘Metaverse’ division had already reported a $3 billion loss in the first quarter of 2022 alone, with more losses expected while the company works out how best to gain usership and make Zuckerberg’s vision a reality. A report from May 2022 produced by non-profit advocacy group Sum of Us states that users have already experienced racist language, inadequate reporting measures and concern for the general toxicity of the platform. Fourteen years later, it is time for me to write the next chapter of my life,” Sandberg wrote in a Facebook post. I’m not sure that would be possible since she’s a superstar who defined the COO role in her own unique way.” After 14 years with Facebook parent company Meta, it has been announced that COO Sheryl Sandberg is leaving the company effective this fall. But I know it will include focusing more on my foundation and philanthropic work, which is more important to me than ever given how critical this moment is for women.”

The executive, who turned Facebook into a profitable business, leaves behind a series of controversies.

The end of her tenure at Facebook and Meta marks the end of one of the most notable trajectories in the tech industry. As cracks started to show in Sandberg’s relationship with Zuckerberg during the Trump administration, the CEO reportedly became more involved in policy decisions. “Sheryl has had quite a run over those 14 years, from some really high highs to some incredible lows,” said one former Facebook executive who spoke on the condition of anonymity. Over the years, however, Facebook grew into an increasingly political platform, and Sandberg started to attract public criticism for her role in managing the company’s policies. Zuckerberg reportedly blamed Sandberg and her team for the fallout, calling the media reaction “hysteria,” according to the Wall Street Journal, and hired Clegg around that time. Still, the immediate reception of Sandberg’s book was largely positive: Her book sold over 4 million copies and was a New York Times bestseller for over a year. Sandberg applied Google’s model of organizing the sales organization into teams that focused on attracting large, medium, and small-sized advertisers (when she joined, Facebook’s only ad partner was Microsoft). One year into her tenure, Facebook became a profitable company for the first time, and she continued to develop Facebook’s ads that targeted users based on their social activity. But she also helped the company grow from a dorm room experiment to one of the biggest, most influential tech companies on the planet. Sandberg’s brand of corporate feminism also attracted some critics who viewed it as placing too much pressure on individual women to improve their personal careers, without giving as much attention to addressing the structural issues causing sexism in the first place. “She deserves the credit for so much of what Meta is today.” It was her long list of duties at the company that allowed Zuckerberg to focus on what he liked best: building products. Her influence at the company was reportedly waning and, at times, she was left publicly apologizing for problems that, ultimately, only her boss, Mark Zuckerberg, had the final authority to fix.

For shareholders, Sandberg was a superstar. Unfortunately, that wealth came at great cost to our society, writes Roger McNamee.

The harm caused by Facebook—and her decision not to prevent or mitigate it—may be the aspect of Sheryl Sandberg’s legacy that will be reverberate longest. The damage to public health, democracy, the right to self-determination, and competition by Facebook is arguably the worst by any corporation in a century or more. Criticism of Facebook has grown steadily since the Cambridge Analytica scandal broke in March 2018, but the company has flexed its political muscle to prevent meaningful regulation by governments. In 2016, for example, few observers expressed concern about the use of Facebook Groups to spread hate speech against Hillary Clinton or the role that Facebook played in the UK’s Brexit referendum. Under Sandberg’s guidance, Facebook used its wealth to influence not only politicians, but also academic departments, think tanks, and NGOs, ensuring that its interests would be well represented in any conversation about the future of the tech industry. A year later she moved to Silicon Valley in search of the next step in her career.

The outgoing Meta chief operating officer has been one of its biggest cheerleaders for more than a decade, standing with it through multiple scandals.

From 2013 through 2019, LeanIn and OptionB received $32 million from Sandberg via The Sheryl Sandberg and Dave Goldberg Family Foundation, per a Forbes analysis of public filings. She also owns nearly 8.9 million shares of Momentive Global, parent company of SurveyMonkey, where her late husband, Dave Goldberg (d. 2015), was the CEO. Sandberg gave away 4.9 million shares, including 2.8 million directed to her donor-advised funds and 2.1 million that were irrevocable transfers to trusts for beneficiaries, the spokesperson said. In total, Sandberg has sold more than $1.8 billion worth of Meta stock to date, according to FactSet based on public filings. But the Meta executive, who announced Wednesday she will be stepping down from her long-time position this fall, has also been aggressively unloading her stake in the company since it went public in 2012. Sheryl Sandberg has been one of Facebook’s biggest cheerleaders for more than a decade.

Over the past decade, Sandberg has sold over 75% of her shares through regularly scheduled share sale programs.

Sandberg has also gifted some of the proceeds of her sales to charity. Over the past decade, Sandberg has sold over 75% of her after-tax shares through regularly scheduled share sale programs, according to research firms that track the sales. She still owns nearly 1.5 million shares, with a current market value of about $290 million, in a revocable trust. Despite her billionaire status, Sandberg hasn't shown the penchant for yachts, private jets and beach homes shown by other tech tycoons. Sandberg cashed out shares at a wide range of prices as Facebook shares soared. A spokesperson for Sandberg said she acquired 48 million restricted stock units, options and shares during her time at the company.

As second-in-command to Facebook cofounder Mark Zuckerberg, she oversaw the massive growth of its core advertising business while positioning herself as an icon ...

But it remains to be seen whether Sandberg will find her way to the CEO role at another large tech or media company as she once seemed destined to do. In her announcement this week, Sandberg said she is "not entirely sure what the future will bring." "With more of Sheryl's insights and energy, we'll be able to do more, more quickly, and that's exciting." At the same time, Sandberg arguably remained constrained in speaking out publicly on certain issues due to her leadership role at the company. To help manage the public policy part of Facebook's business, the company hired Nick Clegg as head of global affairs in 2018. "I and the dedicated people of Meta have felt our responsibilities deeply," she added. (Sandberg spoke candidly in public about helping people talk about grief, even at work.) She also is seen as a major force behind Facebook's decision to create a Civil Rights team. Sandberg presided over the company as it grew from roughly $150 million in annual revenue to $117.9 billion last year. Her book, "Lean In," was released five years later, and it launched a movement of the same name to inspire a generation of women to speak up in the workplace and beyond. "Sandberg had the power to take action for fourteen years, yet consistently chose not to." Now, Sandberg is set to step down as COO this fall after a dizzying 14-year-run, with plans to focus on philanthropic efforts while remaining on the company's board. During that time, Sandberg and Zuckerberg were each called to testify before Congress and issued a number of public apologies.

Facebook COO Sheryl Sandberg may be stepping down from Meta, but the businesswoman has one impressive resume. See details on her net worth, husband, ...

During the pandemic, Bernthal and his three children moved from Southern California to Sandberg's Silicon Valley home. Recently rebranded as Meta, the company is increasingly ramping up its efforts to enter the metaverse, and it remains one of the biggest players in tech today. In a Facebook post, Meta CEO Mark Zuckerberg wrote, "Sheryl architected our ads business, hired great people, forged our management culture, and taught me how to run a company," adding that her departure marked "the end of an era." Two of Sandberg's employees told the outlet that the decision to leave the company was her own, and that she called Zuckerberg over the weekend to inform him of it. She told the Times that her departure from Meta will allow her to focus on her personal philanthropy and her foundation, Lean In, and that she plans to marry television producer Tom Bernthal. Serving as second in command to the social media giant's co-founder and CEO Mark Zuckerberg since early 2008, Sandberg has helped transform Facebook from pure social media site into an advertising behemoth over the years.

Sheryl Sandberg is stepping down as chief operating officer of Meta Platforms (FB), formerly Facebook, as announced on June 1, 2022.

Sandberg is author or co-author of several books including the New York Times bestselling book about women in the workplace Lean In. Sandberg also is the founder of the Sheryl Sandberg & Dave Goldberg Family Foundation, a nonprofit "that works to build a more equal and resilient world." He says that "she deserves the credit for so much of what Meta is today." While he believed that the Facebook website was a great product, the company was not profitable business and was "struggling to transition from a small startup to a real organization." However, she will remain a member of Meta's board of directors.1 Javier Olivan, currently chief growth officer, will be the new COO, and will act as a more traditional COO than Sandberg, who had become CEO Mark Zuckerberg's top lieutenant and strategic business advisor. Sheryl Sandberg is stepping down as chief operating officer (COO) of Meta Platforms, Inc. ( FB). The company, formerly known as Facebook, announced her departure in a press release on June 1, 2022.

The social media titan has transformed in recent years into a slick political operation focused on crisis management — a far cry from the nominally apolitical, ...

In that CNBC op-ed, Clegg said he made progress in the U.K. because he brought together center-left and center-right politicians. Zuckerberg brought in Joel Kaplan, Facebook’s vice president of global public policy, in 2011 — sparking years of criticism that he has outsized control over the company’s content moderation decisions and is sympathetic to conservative figures. That leaves Clegg as the crisis manager for Facebook’s knottiest issues about misinformation and hate speech. She oversaw the auditing process, which was led by civil rights attorney Laura Murphy, and committed to making the platform safer for people of color in its aftermath. In recent years, Facebook has assumed more responsibility over the content circulating on its platform. The former U.K. politician has insisted that Facebook is open to regulation while declining to apologize for the company’s conduct. Sandberg sat down with civil rights group Color of Change after the Definers incident and pledged that Facebook would conduct a civil rights audit. Sandberg has been sidelined from the company’s lobbying and public relations work since soon after the 2016 presidential election when Congress zeroed in on Facebook’s role in providing a platform to Russian misinformation. He dined with then-President Donald Trump at the White House and hosted dinner with high-profile conservative figures such as Fox News host Tucker Carlson — drawing criticism that he was aligning himself with the right. “I’m an outsider to both Silicon Valley and Washington,” Clegg wrote in CNBC op-ed last year, saying that makes him the person who can broker compromises between Republicans and Democrats over tech regulation. “Things really started to turn” for Facebook in 2016, she added. He has served as a de facto messenger-in-chief, defending the company’s political reputation in interviews, blog posts and conversations with policymakers.

Meta, Facebook's parent company, was reviewing Sheryl Sandberg personal activities as recently as May, The Wall Street Journal reported.

Sandberg announced in 2020 she was engaged to Tom Bernthal, the founder and CEO of a consulting firm based in Los Angeles. "But I know it will include focusing more on my foundation and philanthropic work, which is more important to me than ever given how critical this moment is for women." Sandberg announced Wednesday she would be stepping down as head of operations at Meta, Facebook's parent company, after 14 years.