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.

Meta Platforms Inc Chief Operating Officer Sheryl Sandberg, whose close partnership with Chief Executive Officer Mark Zuckerberg powered the growth of the ...

The next leadership team is in place to take the company forward," she said, mentioning Chief Business Officer Marne Levine and President of Global Affairs Nick Clegg by name. Advertisement At the time, Facebook was making $272 million in revenue, for a net loss of $56 million, according to regulatory filings. Advertisement Fourteen years later, it is time for me to write the next chapter of my life," she wrote. Advertisement

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.

The longtime social media executive said she plans to focus on her philanthropic efforts and her family, including her children and upcoming marriage to ...

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.

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.

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.

Meta Platforms Inc Chief Operating Officer Sheryl Sandberg, whose close partnership with Chief Executive Officer Mark Zuckerberg powered the growth of the ...

The next leadership team is in place to take the company forward," she said, mentioning chief business officer Marne Levine and president of global affairs Nick Clegg by name. Advertisement At the time, Facebook was making US$272 million in revenue, for a net loss of US$56 million, according to regulatory filings. Advertisement Fourteen years later, it is time for me to write the next chapter of my life," she wrote. Advertisement

Updated June 1, 2022 at 10:58 PM ET. Sheryl Sandberg, one of Silicon Valley's most prominent executives who helped establish Facebook as a global tech ...

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.

Sandberg said on her Facebook page that she is stepping down as chief operating officer, but would remain on the board of parent company Meta.

He was just 23 and I was already 38 when we met, but together we have been through the massive ups and downs of running this company, as well as his marriage to the magnificent Priscilla, the sorrow of their miscarriages and the joy of their childbirths, the sudden loss of Dave, my engagement to Tom, and so much more. Mark is a true visionary and a caring leader. And as Tom and I get married this summer, parenting our expanded family of five children.

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.”

Sandberg will stay on the board of Meta, according to the company. Javier Olivan, another executive at the company, will takeover as chief operating officer ...

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.

Meta Platforms Inc.'s Sheryl Sandberg, who became one of the most recognized figures in global business after helping Facebook transform from a startup into ...

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.

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.

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.

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.

The high-profile executive's decision to leave Meta is also a moment to reflect on the impact of her best-selling book and philosophy about success in the ...

In fact, weeks later, a recording obtained by The Verge revealed that a Meta executive had told employees not to talk about abortion on the company’s internal platform, called Workplace, because of the topic’s divisive nature. To Ms. Sklar, some of the criticism aimed at Ms. Sandberg since her book’s publication has felt excessive. “It became a shorthand for a problem that had previously been known about and not named.” In 2018, she was faulted for some of the fallout from the data breach scandal involving Cambridge Analytica. On top of that has come research indicating that Instagram, which Meta owns, has had toxic effects on the mental health of teenage girls. When “Lean In” came out in 2013, landing on the best-seller list and propelling Ms. Sandberg onto the covers of Time and Fortune, just 4 percent of the chief executives at Fortune 500 companies were women. And Ms. Sandberg’s departure, for all those readers, is a moment to reflect on how “Lean In” shaped their careers. It was a fundamental reflection of the problem. The Lean In foundation supported the creation of thousands of Lean In circles where women, especially those at the start of their careers, turned to Ms. Sandberg’s advice as a guide. For many women “Lean In” has been a bible, a road map to corporate life. She has also soured on the Lean In philosophy that taught her that a little grit was all she needed for career success. On Wednesday, Ms. Sandberg announced that she was leaving her position as chief operating officer of Facebook’s parent company, Meta — the perch that made her one of the highest-profile women in American business. “It gave me this boost of courage,” said Ms. Bailey, 46, who lives in Green Bay, Wis., referring to Ms. Sandberg’s book.

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.

One of the world's most powerful executives became increasingly burned out and disconnected from the mega-business she was instrumental in building.

You may cancel your subscription at anytime by calling Customer Service. Resume Subscription Sheryl Sandberg’s departure from Facebook parent Meta Platforms Inc. came as a surprise even to many people close to the tech giant.

Sandberg's announcement came around the same time the company was reviewing her use of corporate resources for wedding planning purposes. Sandberg announced in ...

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