Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Sheryl Sandberg continues to reduce her holdings in Facebook

In recent days  Ms. Sandberg has unloaded  another parcel of shares, bringing  the total number  she has cashed in since the social media giant went public in May 2012 to around  ten million – adding  $400 million to her bank balance.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Sheryl Sandberg

Sheryl Sandberg, chief operating officer of social media giant Facebook, reportedly disposed of a further $100 million worth of shares in the company, which she joined in June 2008,  bringing her personal  total  of shares sold to date since Facebook made its stock-market debut in May 2012  to around  ten million,  adding  $400 million to her bank balance.

In truth, at the time of the IPO, Ms. Sandberg was sitting on a stock portfolio including  just over 40 million Facebook shares, although the majority of  them came  in the form of restricted stock units.

According to  estimates of recent filings,  Ms. Sandberg  is still sitting on around eight million redeemable Facebook shares (0.5 per cent)  with a current value of  just over $550 million, although that figure has been steadily fluctuating downwards, with shares in Facebook fall 9% in the last two trading  days, reaching their lowest value  since the end of January, at  $56.75. The recent fall in value of Facebook shares now means that Sheryl Sandberg can, at least temporarily, no longer wear the mantle of one of the world’s youngest billionaires as well as the one of the even fewer self made females who fall into that category, with her personal fortune now have dropped to a mere $980 million.

While that statistic may not seriuosly concern Ms. Sandberg, Mark Zuckerberg or the rest of the world’s financial markets, the question on many people minds may well be, what is the underlying motive to unload so many shares, especially with the future of Facebook looking especially rosy for the moment.

Rumors are that Ms Sandberg may be preparing the ground for a return to the public sector, although that possibility seems unlikely for the conceivable future.

 

Sheryl Sandberg graduated  from the Harvard Business School, with a Masters degree in economics.

Sheryl began her professional career as a management consultant for McKinsey & Company, before the meeting her professional association with Larry Summers, by then United States Secretary of the Treasury in the administration of President Bill Clinton.  From 1996 to 2001, Sandberg held the role of Summer’s Chief of Staff, playing a major part in the Treasury’s mission of forgiving debt in the developing world.

Ms. Sandberg left the Treasury to join  Google Inc. in 2001, remaining there until early 2008, when she was appointed by Facebook to become their COO.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.