Facebook Chief Technology Officer Mike Schroepfer donated 40,000 shares of class-A common stock in the company to a charitable entity, while Chief Financial Officer David Wehner and Director Susan Desmond-Hellmann sold off some of their Facebook holdings, the three insiders reported in Form 4 filings Friday with the Securities and Exchange Commission.
It seems like everybody is getting active these days — well, socially active, at least. So it follows that depending on your political viewpoint or social leanings, you might be supporting a lot of different causes from social sites like Facebook. And if you aren’t supporting any causes on Facebook yet, you’ll likely be surprised to know that you have more than one option to do so, and it’s kind of confusing to sort out, so I’ve done the work for you.
Facebook Co-Founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, have repeatedly displayed their commitment to charitable giving and education, and the power couple took another giant step Thursday with their announcement of a $120 million pledge to aid schools in low-income communities in the San Francisco Bay area.
A host of Facebook officers and directors submitted Form 4 filings to the Securities and Exchange Commission Monday detailing their exercising of restricted stock units and sales of class-A common shares in the company: Chief Operating Officer Sheryl Sandberg, Vice President of Business and Marketing Partnerships David Fischer, outgoing Chief Financial Officer David Ebersman, Chief Product Officer Chris Cox, Chief Technology Officer Mike Schroepfer, VP and General Counsel Colin Stretch, Director Susan Desmond-Hellmann, Chief Accounting Officer Jas Athwal, and Directors Donald Graham, Erskine Bowles, Marc Andreessen, and Peter Thiel.
Sheryl Sandberg, Husband Dave Goldberg Join The Giving Pledge, To Donate At Least One-Half Of Their Fortunes
Facebook Chief Operating Officer Sheryl Sandberg and her husband, SurveyMonkey CEO Dave Goldberg, were among the new pledge signatories to The Giving Pledge, a group of billionaires who pledge to donate at least one-half of their fortunes to charitable causes.
May 17 is FA Awareness Day, and the Friedreich’s Ataxia Research Alliance is marking the day with its “We Believe” initiative, in which Facebook users can post photos to its page of people holding signs stating what they believe in.
Vivek Wadhwa, a research professor at Stanford University, published a diatribe on LinkedIn a few months ago titled, “Facebook Is Doomed.” Contributing to the debate on the medium- and long-term sustainability of one of the biggest social networks is undoubtedly a healthy endeavor. However, this excessive public statement distinguishes itself with rather frivolous arguments on Wadhwa’s part.