Facebook Inc (FB) About To Face A Brain Drain?
According to the New York Post (for what that’s worth), Facebook Inc (NASDAQ:FB) COO Sheryl Sandberg is in contention to take on Disney CEO Bob Iger’s position when he retires in 2016.
Sandberg, once Chief of Staff to Treasury Secretary Larry Summers when she was just 27, is credited with helping to turn Facebook into a profitable company. And, she’s also one of the company’s largest shareholders, owning $695 million in Facebook shares in what’s estimated to be her $1 billion portfolio.
CNBC contributor Zachary Karabell, Head of Global Strategy at Envestnet and President of RiverTwice Research, believes Sandberg may not be a permanent fixture at Facebook but that shouldn’t cause worry for long-term investors.
“Sheryl Sandberg is a unique number two,” says Karabell. “She has almost as much prominence in the world as does Zuckerberg who’s the CEO.”
Watch the video below for more details: