Thursday, August 23, 2012

Time for Zuckerberg to Ask for Help?

Facebook CEO Mark Zuckerberg should loosen his grip over his social networking empire and let some of the more experienced managers take the reigns, before it's too late, two CNBC contributors cautioned on Wednesday.

"Running a public company is a distinctly different experience and requires different skill sets then running a venture funded start-up," said Carly Fiorina, CNBC contributor and former Hewlett-Packard CEO. "Mark would do well to take the advice of people who have done it before and I hope his board is providing him with that advice."

But Facebook's board seems a little shaky these days.  It was revealed earlier this week that early investor and Facebook board member Peter Thiel unloaded the majority of his stake in Facebook as soon as the lock-up expired last Thursday. Thiel's stock sale, although pre-determined before Facebook's initial public offering in May, was ill-timed.

Regardless of investors' opinion, Thiel's stock sale sends a bad message to the marketplace and raises concern about whether or not Zuckerberg knows how to run a public company, said Gordon Bethune, CNBC contributor and former CEO continental airlines….

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