Thursday, 18 January 2024

Meta's Sheryl Sandberg To Step Down From Board After 12 Years

Meta's former chief operating officer, Sheryl Sandberg, announced that she is leaving the company's board after more than a decade.

One of the most influential women in Silicon Valley, Sheryl Sandberg, 54, will depart the board as the tech juggernaut behind Facebook, WhatsApp and Instagram faces increased regulatory scrutiny.

Sheryl Sandberg said on Wednesday that she would not stand for re-election once her term ends in May, but would serve as an advisor to the company thereafter.

"With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May," Sheryl Sandberg posted on Facebook.

"Serving as Facebook's - and then Meta's - COO for 14 and a half years and a board member for 12 years has been the opportunity of a lifetime," she wrote.

Mark Zuckerberg, Meta CEO, thanked Sheryl Sandberg for her work at the social media giant.

"Your dedication and guidance have been instrumental in driving our success and I am grateful for your unwavering commitment to me and Meta over the years. I look forward to this next chapter together!" Zuckerberg commented on her Facebook post.

Sheryl Sandberg resigned as Meta COO in June 2022 after a tenure that included helping steer Facebook to advertising dominance.

A Harvard-educated executive, Sheryl Sandberg joined Facebook when it was still a startup, playing a formative and often public-facing role in its development into a multi-billion dollar advertising empire that acquired Instagram and WhatsApp.

In 2021, the company rebranded as Meta in an effort to focus on its virtual reality vision for the future and move past its reputation as a scandal-plagued social network faced with scrutiny over how it handles privacy and data, as well as accusations that its products may cause harm to teens, public discourse and democracy.

Facebook was about four years old in 2008 when Sheryl Sandberg came on board as a mature, guiding hand at a tech firm with the motto "move fast and break things."

Her job made her not only a recognizable face in tech but also a household name, particularly thanks to her 2013 book "Lean In: Women, Work, and the Will to Lead."

The best seller encouraged women to "lean in" to their careers to reach their full potential and overcome workforce obstacles.

It drew applause from admirers, who credited her with articulating a modern feminist vision, and sharp criticism from detractors who said her lofty position made her out of touch with the grueling personal costs of combining career and family.



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AAP Approaches High Court After Chandigarh Mayor Polls Deferred To Feb 6

The AAP Thursday moved the Punjab and Haryana High Court after the Chandigarh mayoral polls were abruptly postponed with councillors being told that the presiding officer had fallen ill. The administration told the court the elections have been deferred to February 6.

The Congress and the AAP, which have joined hands for the mayoral polls, slammed the BJP, accusing it of not allowing to hold the elections in the wake of its "imminent defeat".

The petition was filed by AAP councillor Kuldeep Kumar, who is the candidate for mayor post. The petitioner sought from the court for holding the mayoral polls and appointment of a new presiding officer in place of Anil Masih after he fell sick.

The court refused to grant any immediate relief to the AAP and fixed January 23 as the next date of hearing in the matter.

The matter was listed before the division bench of Justices Sudhir Singh and Harsh Bunger, said Chetan Mittal, the counsel for the Chandigarh Municipal Corporation.

During the hearing Thursday evening, the counsel for the Chandigarh administration informed the high court that February 6 has been fixed as the next date for the mayoral polls after assessing the prevailing law and order situation.

Earlier in the day, senior Congress leader Pawan Kumar Bansal also claimed that they have been informed that elections will not take place on Thursday as the presiding officer has fallen sick.

"It has been informed that elections will not take place today as the presiding officer has fallen sick," claimed Bansal as he accused the BJP of not allowing the polls to take place as the saffron party was to face defeat in the elections.

The polling for the post of mayor, senior deputy mayor and deputy mayor through secret ballot was to take place at 11 am in the assembly hall of the municipal corporation.

In the 35-member Chandigarh Municipal Corporation, the BJP has 14 councillors. It also has an ex-officio member MP (Kirron Kher) who has voting rights.

The AAP has 13 councillors and the Congress seven. The Shiromani Akali Dal has one councillor in the House.

Elections for the three posts are held every year during the five-year term of the House. This year, the mayor's seat has been reserved for the Scheduled Caste category. This time the mayor will be elected for the third term.



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"Release Them": Relatives Of Gaza Hostages Break Into Israeli Parliament Panel

A group of relatives of Israelis held hostage by Palestinian gunmen in Gaza rushed into a parliamentary committee session in Jerusalem on Mo...