Only in Silicon Valley can a CEO burn billions chasing an AI gold rush, send free cash flow below zero, and then demand a bigger payday for his visionary leadership. The board’s ultimate weapon? Threatening to quit. Corporate governance at Meta is basically a fire alarm that needs Zuckerberg’s permission to ring.
Only in Silicon Valley can a CEO burn billions chasing an AI gold rush, send free cash flow below zero, and then demand a bigger payday for his visionary leadership. The board’s ultimate weapon? Threatening to quit. Corporate governance at Meta is basically a fire alarm that needs Zuckerberg’s permission to ring.
They just offered to pay his taxes, they aren’t sick of him or they’d let the company fail
That might be just that they’ve got so much money in Meta that they can’t afford it fail.
Edit: what I mean is that there might be gambler’s fallacy at play
Got an email last week that my FB account had been upgraded to Meta for free? I guess they need to fudge the subscriber numbers?