Sheryl Sandberg formally stepped down as Meta’s COO in August, however the firm will proceed to pay for her private safety till 2023. Reuters experiences. The board, citing “steady threats to her safety,” agreed to pay for safety providers from October 1 to June 30, 2023, offering Sandberg with safety at her residences and through her travels.
It is unclear what threats Sandberg acquired to have the corporate pay for continued safety after she retired. We’ve got requested remark from Meta and can replace this story if the corporate decides to make clear.
Sheryl Sandberg joined Meta in 2008 and her final official day as an worker was September thirtieth. Going ahead, she is going to proceed to serve on the Board of Administrators of Meta and will likely be compensated as a non-staff director. Though Sandberg apparently resigned of her personal accord, her newest head of the corporate was marred by a private scandal. Earlier this 12 months, Wall Road Journal mentioned Sandberg used the corporate’s assets to assist do away with unfavorable feedback about Activision CEO Bobby Kotick, whom she was mentioned to be courting on the time.
Two months later Journal additionally reported that Meta had launched an inner investigation into Sandburg’s use of firm assets, and that the investigation really lasted “a number of years.” Along with allegations of defending Kotick from unfavorable press, Sandberg can also be reportedly below investigation for attainable use of firm funds to pay for her 2022 wedding ceremony. The meta-lawyers had been additionally reportedly investigating whether or not Fb staff helped Sandberg and her Lean In basis promote her newest e book, and in that case, how. Choice B.
Sandberg’s remaining years had been additionally marked by a sequence of crises on the firm, together with the 2019 Cambridge Analytica scandal; allegations of contributing to the genocide in Myanmar; a decline in income earlier this 12 months; and final 12 months’s change in iOS’s method to monitoring third-party apps, which undermined the inspiration of Meta’s enterprise mannequin.
It is common for Fb to take a position closely within the private security of its high executives. In 2020, the corporate reportedly spent $23.4 million defending CEO Mark Zuckerberg. Nonetheless, Friday’s board announcement comes days after Meta was reported to have suspended hiring, with a warning of attainable layoffs en route, making for a doubtlessly uncomfortable optic.
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