Latest / Boardroom Conversations with Fexingo: CEOs, Strategy, and Corporate Leadership Explained
How Meta's Board Steered the Pivot to Efficiency
When Meta's stock lost two-thirds of its value in 2022, the board faced a governance paradox: Mark Zuckerberg controlled nearly 60% of voting power, so they couldn't simply fire the CEO. This episode examines how the board navigated the crisis—pushing for the historic 11,000-person layoff in November 2022, then an additional 10,000 cuts in 2023, while simultaneously forcing a resource shift from the metaverse bet to generative AI. We dissect the board's composition, the role of independent directors like Marc Andreessen and Sheryl Sandberg's successor, and whether the…
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