Sheryl Sandberg Not Leaving Facebook Inc (NASDAQ:FB)

Sheryl Sandberg leaving Facebook Inc (NASDAQ:FB) are all but rumors if a response to the claims is anything to go by.  Speaking at an industry conference, the chief operating officer insisted she plans to stay at the tech giant, all but quashing the rumors for the time being.

Sheryl Sandberg Leaves Facebook Rumors

“I’m staying at Facebook; responded Ms. Sandberg after the moderator at the Virtuous conference Circle suggested she could become the next commerce secretary. When pressed further, the Facebook executive could only reiterate her admiration for policy issues.

This is not the first time that Sandberg has refuted claims she might quit Facebook and join politics. Early this year during a conference hosted by Recode, she reiterated, “I don’t want to run for office. I do not want another job. I love Facebook.”

Speculation has been rife that Sandberg could join the Clinton administration as the Treasury secretary having thrown here support behind Mrs. Clinton. Such an appointment would not come as a surprise given that the Facebook COO has had a stint in Washington in the past.

Politics Calling

Prior to Joining Alphabet Inc (NASDAQ:GOOGL) in 2001 and Facebook in 2008, Sandberg served as the Chief of staff for former Treasury secretary Larry Summers during Bill Clinton administration. Her history at the Treasury department should make her one of the favorites for the top post given her close ties with the Clinton family.

Rising through the ranks to become the Treasury secretary will make her the first woman to hold the post in the US History. It will be a calling that even she would find it hard to turn down given the success she has already achieved as a woman in the male-dominated tech industry.

Rumors of Sandberg leaving Facebook to join the government should continue to gain momentum given her endorsement of Hilary Clinton and her success as a corporate leader.  She is highly regarded in the business circle having recently emerged as a potential CEO target for Walt Disney Co (NYSE:DIS).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , , , ,

Leave a Reply

Be the First to Comment!

Notify of