facebook’s Sandberg Says Peter Thiel to remain on Board

Facebook's Sandberg Says Peter Thiel to Remain on Board

facebook Inc. leader operating Officer Sheryl Sandberg said board member Peter Thiel is bankrollinglawsuits against Gawker Media LLC based totally on his very own private convictions, and his guide does not affect his function at fb.

Thiel, a PayPal founder and early fb investor, these days found out that he changed into secretly backing Hulk Hogan’s lawsuit towards Gawker, ensuing in a $a hundred and forty million verdict against theinternet site and perilous its lifestyles. fb, meanwhile, has been operating to enchantment to newsorganizations so they will use its products like live video and instant Articles.

“Peter did what he did on his personal, now not as a facebook board member,” Sandberg said Wednesday at Re/Code’s Code conference in Rancho Palos Verdes, California. “We failed to recognize approximatelyit.”

That contrasts with how fb handled every other outspoken board member, investor Marc Andreessen, who angered Indian citizens whilst he suggested that they need to be extra open to fb‘s free fundamentalsproduct for new net users. Andreessen alluded to how colonialism helped the u . s . a ., and how the onlineinitiative could, too.

That prompted fb chief executive Officer Mark Zuckerberg to weigh in, saying that Andreessen’scomments “do no longer constitute the manner fb or I suppose at all.”

in that case, “it nearly felt like he become speaking for facebook,” Sandberg stated of Andreessen. “We felt we had to remark.”

we’ve got very independent board contributors with very impartial mind that they percentage publicly,” she added. “they’re not afraid to think differently and i suppose that serves facebook properly.”

Sandberg additionally rebuffed hypothesis approximately her taking over the role of CEO at Walt Disney Co., pronouncing: “I do not want any other activity.” That consists of running for political office, too.

leader era Officer Mike Schroepfer may also stay at fb, he stated at the conference.

© 2016 Bloomberg L.P.

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Tags: fb, internet, Peter Thiel, Sheryl Sandberg, Social