Businesswoman, millionaire, and philanthropist Sheryl Kara Sandberg were born on August 28, 1969, in New York City, New York, USA. As of June 1, 2022, Sandberg announced her resignation as COO of Meta Platforms, a job she will hold until the following October. She’s also the brains behind the non-profit LeanIn.Org, which she founded.
She was promoted to COO in 2008, becoming Facebook’s second-highest-ranking executive. When she was elected to serve on Facebook’s board of directors in June of that year, she became the first woman to hold that position.
Sandberg was credited for turning the firm profitable while serving as the company’s head of advertising. Sandberg formerly served as Google’s vice president of worldwide online sales and operations and was active in Google.org, the company’s charitable arm. In her previous role, Sandberg worked as the Treasury Secretary’s chief of staff.
An annual list of 100 of the world’s most important people includes her, and she was included on the list in 2012. Since she holds shares in Facebook and other firms, Sandberg is on Forbes Magazine’s 2021 billionaires list with a net worth of US$1.7 billion. She stated in 2022 that she would be stepping down as Meta COO in the autumn, but that she would continue on the company’s board, which she did.
Early Life
Adele (née Einhorn) and Joel Sandberg were the parents of Sandberg, who was born in D.C. in 1969 and is the oldest of three children. An ophthalmologist by trade, her mother taught French in college.
When she was two years old, her family relocated to North Miami Beach, Florida. She graduated from North Miami Beach High School in 1987, where she was placed ninth in her graduating class and received a diploma 1987.
As a sophomore, she was elected to the National Honor Society and served on the executive board of the senior class. While attending high school in the 1980s, Sandberg taught aerobics.
As of the year 1987, Sandberg was a member of the Harvard University student body. She received the John H. Williams Prize for the best graduating economics student in 1991, with honors from Phi Beta Kappa and summa cum laude. She co-founded a group called Women in Economics and Government while attending Harvard.
Her mentor and thesis advisor was Professor Lawrence Summers, who she met while working at the University of California, Berkeley. As a research assistant at the World Bank, Summers hired her to work on health programs in India dealing with leprosy, AIDS, and blindness for around one year.
She enrolled at the Harvard Business School in 1993 and graduated with honors in 1995 with an MBA. She was awarded a fellowship during her first year of business school.
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FB’s 14-year CEO Sheryl Sandberg has resigned from the company
Sandberg, one of Silicon Valley’s most recognizable CEOs, has resigned from her role as COO of Meta, Facebook’s parent company, effective immediately.
Sandberg, 52, revealed the news on Wednesday via a Facebook post in which she wrote: “In 2008 when I started this job, I had a five-year goal in mind. After fourteen years, it’s time to move on with my life “Sandberg penned a piece for The Atlantic. No one can predict what the future holds, and I’ve learned this the hard way.
According to Meta, Sandberg will remain on the board of directors. He will be replaced by Javier Olivan, a senior corporate executive when Sandberg steps down in the autumn.
She intends to devote most of her time to charitable endeavors and her organization. In a recent blog post, she announced that she and television producer Tom Bernthal would wed this summer.
During her time at Facebook, Sandberg was instrumental in the company’s transformation from a Harvard dorm-based free social network to one of the world’s most powerful social media platforms, with roughly 3 billion members worldwide.
During the early days of Facebook’s ascent, she was often referred to as “the adult in the room” alongside co-founder Mark Zuckerberg, who was in his early twenties when the firm was founded. Sandberg joined Facebook after working as an advertising manager at Google for several years.
She stated in her notice of resignation on Wednesday: “He was just 23 and I was almost 38 when we met, but together we have gone through the huge ups and downs of operating this firm.”
She was in charge of advertising strategy, hiring/firing, as well as other management concerns at Facebook. In an interview with the New Yorker in 2011, Zuckerberg stated she “handles stuff I don’t want to,” and he later apologized. “She’s a lot better at it,” I said to myself.
During crises, she sat for interviews and schmoozed legislators who were considering measures that would harm Facebook.
It’s ironic that Sandberg is departing at a time when Facebook renamed itself, Meta, last year and is trying to rebuild itself as a hardware firm focused on virtual reality. The metaverse-related company does not rely on advertising, which was one of Sandberg’s areas of expertise, unlike the social network.
The 2013 book “Lean In,” which became a touchstone in the campaign for more gender equality in the workplace, has made Sandberg a superstar author in addition to her role as Facebook’s No. 2. When her husband, Dave Goldberg, died unexpectedly in 2015, she penned “Option B,” a book on navigating sorrow.
Sandberg served as Facebook’s public face during a number of crises, including Russia’s intervention in the 2016 presidential election and the aftermath of the Cambridge Analytica data-mining scandal.
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The exit comes after she was accused of trying to stop British tabloids from publishing about her ex-boyfriend, Activision Blizzard CEO Bobby Kotick, two months earlier.
In court documents, it was alleged that Kotick had a temporary restraining order against him because of harassment charges made by an ex-girlfriend.
According to the Wall Street Journal, Sandberg’s advisors were concerned that the article would harm Sandberg’s reputation as a champion for women, so a team of Facebook workers pushed to get the story suppressed.
The conclusions of Facebook’s investigation into whether or not Sandberg’s conduct broke company policy have not been made public. There was no more comment from a business spokesperson on the matter.
Meta’s departure of Sandberg, according to a spokesman, has nothing to do with the Kotick issue.
She was neither dismissed nor forced out of her position, Meta spokesman Nkechi Nneji said.
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