Monday, 14 May 2012

Facebook CEO Turns 28, IPO Could Be $100B Gift

This is a big week for Facebook and its founder Mark Zuckerberg, who is celebrating his 28th birthday Monday.
The social media star is just days away from being chief executive of one of the most valuable companies in the world.
Facebook is expected to start selling stock to the public on Friday in an offering that values the company at nearly 100-billion dollars, which would make it worth more than such iconic companies as Disney, Ford and Kraft Foods.

At 28, 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.

1 comment:

  1. I agree with you Jackson, what a huge gift for a 28 year-old Zuckerberg! I don't know how he can ever top this birthday? 30 will be a let down unless he is like Bill Gates and every birthday is better than the last.

    Zuckerberg better solve the Smartphone/advertising dilema in order to keep up the numbers as they sell shares on Friday.