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Facebook CEO Mark Zuckerberg Reaches Out to Microsoft President For Help

A recent CNBC report claimed that Facebook employees were contacting former colleagues to look for jobs outside the company

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Facebook's CEO Mark Zuckerberg. VOA

Embroiled in massive data scandals amid losing stock and market cap, Facebook CEO Mark Zuckerberg has reportedly spoken to Microsoft President Brad Smith exploring the possibility of him joining the social networking platform and bring it back to glory.

According to a report in The Information on Monday, Zuckerberg spoke directly to Smith on how to build trust at Facebook.

“While the conversation didn’t involve a formal job offer, Mr. Smith still felt compelled to let Mr. Zuckerberg know he was happy at Microsoft and had no desire to leave,” the report said, quoting a person familiar with the talks.

According to the report, Mark Zuckerberg usually seeks advice from billionaire Microsoft co-founder and philanthropist Bill Gates.

Another report from Wall Street Journal claimed last month that Gates suggested to Zuckerberg that Facebook consider hiring someone with a profile like that of Smith who can tackle regulators and lawmakers around the world — gunning for Facebook over frequent users’ data breaches and a recent expose of internal emails.

Facebook and Microsoft were yet to comment on the reports.

A New York Times investigation last month suggested that the social network under Chief Operating Officer (COO) Sheryl Sandberg hired a Republican-owned political consulting and PR firm that “dug up dirt on its competitors” including Soros.

Mark Zuckerberg
Facebook CEO reaches out to Microsoft President for help: Report. Flickr

Reacting to the report, Mark Zuckerberg and Sandberg denied they had any prior knowledge about this firm.

Later, Facebook’s outgoing Head of Communications and Policy Elliot Schrage took the full responsibility for hiring the political consulting and PR firm Definers Public Affairs.

Facebook has also lost the tag of best place to work in the US.

According to the leading job website Glassdoor’s annual “100 Best Places to Work in the US” list, Facebook is now ranked No 7 — scoring 4.5 out of a perfect 5.

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The Glassdoor list came at a time when media reports said several Facebook employees are looking for better opportunities as scrutiny of the company’s conduct rises following several cases of data leak and as its stock price takes a beating.

A recent CNBC report claimed that Facebook employees were contacting former colleagues to look for jobs outside the company. (IANS)

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Facebook Commits $130 mn to Build Global Oversight Board for Ensuring Accountability

Facebook intends to continue funding the board's operations in the future, and these reports will be used to assess the need for additional, substantive and long-term funding

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Facebook
Facebook said it has established the independent Oversight Board Trust to ensure the board can safeguard its ability to make independent decisions and recommendations. Pixabay

Facebook has made an initial commitment of $130 million to build a global oversight board that will ensure good governance and accountability across its services and platforms.

The initial funding will cover operational costs such as office space, staff and travel expenses and should allow the board to operate for at least its first two full terms, approximately six years, Brent Harris, Director of Governance and Global Affairs at Facebook, said in a statement.

The board will submit a yearly budget to the trust for approval and disbursement of funds.

Annual reports from the board and trust will help to document the health and effectiveness of the board, including its stewardship of these resources.

Facebook intends to continue funding the board’s operations in the future, and these reports will be used to assess the need for additional, substantive and long-term funding.

Last November, Mark Zuckerberg wrote about his vision for what content governance should look like for Facebook.

Facebook said it has established the independent Oversight Board Trust to ensure the board can safeguard its ability to make independent decisions and recommendations.

Facebook
Facebook has made an initial commitment of $130 million to build a global oversight board that will ensure good governance and accountability across its services and platforms. Pixabay

“The board will have its own staff, independent from Facebook. To start, we expect this staff to include a director, case managers and dedicated staff members (or contracted services) who can support things such as the board’s communications, legal, human resources and research needs,” said Harris.

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In addition, said Facebook, it will continue to work with outside experts to source and review candidates for board membership, including those who’ve been recommended through the public portal, which we opened in September.

“We are eager to see the Oversight Board take shape and start hearing cases next year,” said Facebook. (IANS)