Dan Rosensweig no relation chief operating officer
Sheryl Kara Sandberg (born August 28, 1969) is an American technology executive, philanthropist, and writer. Sandberg served as chief operating officer (COO) of Meta Platforms, a position from which she stepped down in August 2022. She is also the founder of LeanIn.Org. In 2008, she was made COO at Facebook, becoming the company's second-highest ranking official. In June 2012, she was elected to Facebook's board of directors, becoming the first woman to serve on its board. As head of the company's advertising business, Sandberg was credited for making the company profitable. Prior to joining Facebook as its COO, Sandberg was vice president of global online sales and operations at Google and was involved in its philanthropic arm Google.org. Before that, Sandberg served as research assistant to Lawrence Summers at the World Bank, and subsequently as his chief of staff when he was Bill Clinton's United States Secretary of the Treasury .
In 2012, she was named in the Time 100, an annual list of the most influential people in the world. On Forbes Magazine's 2021 billionaires list, Sandberg is reported to have a net worth of US$1.7 billion, due to her stock holdings in Facebook and in other companies. In 2022, she announced she would be stepping down as Meta COO in the fall but that she would remain on its board.Facebook / Meta Platforms
In late 2007, Mark Zuckerberg, co-founder and chief executive of Facebook, met Sandberg at a Christmas party held by Dan Rosensweig. Zuckerberg had no formal search for a Chief Operating Officer (COO), but thought of Sandberg as "a perfect fit" for this role. In March 2008, Facebook announced the hiring of Sandberg for the role of COO and her leaving Google.After joining the company, Sandberg quickly began trying to figure out how to make Facebook profitable. Before she joined, the company was "primarily interested in building a really cool site; profits, they assumed, would follow." By late spring, Facebook's leadership had agreed to rely on advertising, "with the ads discreetly presented"; by 2010, Facebook became profitable. According to Facebook, she oversees the firm's business operations including sales, marketing, business development, human resources, public policy, and communications.In 2012, she became the eighth member (and the first woman) of Facebook's board of directors.In April 2014, it was reported that Sandberg had sold over half of her shares in Facebook since the company went public. At the time of Facebook's IPO, she held approximately 41 million shares in the company; after several rounds of sales she is left with around 17.2 million shares, amounting to a stake of 0.5% in the company, worth about $1 billion.The New York Times published a report in 2018 detailing Sandberg's role in handling Facebook's public relations after revelations of Russian interference in the 2016 United States elections and its Cambridge Analytica data scandal. According to The Wall Street Journal, during a meeting, Zuckerberg blamed Sandberg personally for the outcome of the scandal, and that Sandberg "confided in friends that the exchange rattled her, and she wondered if she should be worried about her job."On November 29, 2018, The New York Times reported that Sandberg had personally asked Facebook's communications staff to conduct research into George Soros's finances days after Soros publicly criticized tech companies, including Facebook, at the World Economic Forum. In a statement, Facebook said the research into Soros "was already underway when Sheryl [Sandberg] sent an email asking if Mr. Soros had shorted Facebook's stock."On June 1, 2022, Sandberg announced she would be leaving Meta as COO in the fall of 2022 but would remain on the board of directors. Stating a reason for stepping down, Sandberg stated "it is time for me to write the next chapter of my life."
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