The serious incident of data leak of 50 million Facebook users not only blows away billions of the biggest social network’s market capitalization but also affects tremendously Zuckerberg’s position.
It has come to the point that crisis management goes over the 33-year-old Harvard dropout’s head.
Facebook has received a ton of criticism after letting their partner selling 50 million users’ personal data to a British company, Cambridge Analytica, for use in the election campaign for US Resident Donald Trump in 2016. Recently, Facebook has closed Cambridge Analytica’s account but it seems to be too late.
According to CNBC, tech investor Jason Calacanis thinks Sandberg should step into the CEO role, telling “Closing Bell” on Monday that Zuckerberg has done a horrible job of handling the crisis. Sandberg is described as a “better communicator”, “tremendous leader” and also “better at understanding how to manage these issues.”
However, Facebook CEO Mark Zuckerberg is an “emperor for life” and therefore it will be hard to remove him from office, Yale management expert Jeffrey Sonnenfeld told CNBC on Tuesday.
“He’s surely not going to voluntarily step down,” Sonnenfeld said on “Closing Bell”
“He’s not accountable to anybody,” he added, noting that Zuckerberg controls about 60 percent of the stock.
Sonnenfeld sharply criticized Zuckerberg and COO Sandberg for not publicly solving the accusation.
Facebook did not immediately respond to a request for comment on Sonnefeld’s remarks.
Edit: Daisy Nguyen