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Sandberg at Facebook London, April 2013
|Born||Sheryl Kara Sandberg
August 28, 1969
Washington, D.C., U.S.
|Residence||Menlo Park, California|
|Alma mater||Harvard University (AB, MBA)|
|Occupation||COO of Facebook|
|Net worth||US $1.1 billion (June 2015)|
|Board member of||The Walt Disney Company
Women for Women International
Center for Global Development
|Spouse(s)||Brian Kraff (m. 1993; div. 1994)
Dave Goldberg (m. 2004; wid. 2015)
|Children||2 (with Goldberg)|
In 2012 she was named in the Time 100, an annual list of the 100 most influential people in the world according to Time magazine. As of June 2015, Sandberg is reported to be worth over US$1 billion, due to her stock holdings in Facebook and other companies.
Early life and education
Her family moved to North Miami Beach, Florida, when she was two years old. She attended North Miami Beach High School, where she was "always at the top of her class", and graduated ninth in her class with a 4.646 grade point average. She was sophomore class president, became a member of the National Honor Society, and was on the senior class executive board. Sandberg taught aerobics in the 1980s while in high school.
In 1987 Sandberg enrolled at Harvard College. She graduated in 1991 summa cum laude with a B.A. in economics and was awarded the John H. Williams Prize for the top graduating student in economics. While at Harvard, she co-founded an organization called Women in Economics and Government. She met then-professor Larry Summers, who became her mentor and thesis adviser. Summers recruited her to be his research assistant at the World Bank, where she worked for approximately one year on health projects in India dealing with leprosy, AIDS, and blindness.
In 1993 she enrolled at Harvard Business School and in 1995 she earned her M.B.A. with highest distinction. In her first year of business school, she won a fellowship.
Early careerAfter graduating from business school in the spring of 1995, Sandberg worked as a management consultant for McKinsey & Company for approximately one year (1995-1996). From 1996 to 2001 she again worked for Larry Summers, who was then serving as Chief of Staff at the Treasury under President Bill Clinton. Sandberg assisted in the Treasury's work on forgiving debt in the developing world during the Asian financial crisis. She joined Google Inc. in 2001, serving as its Vice President of Global Online Sales and Operations from November 2001 to March 2008. She was responsible for online sales of Google's advertising and publishing products as well as for sales operations of Google's consumer products and Google Book Search.
After joining the company, Sandberg quickly began trying to figure out how to make Facebook profitable. Before she joined, the company was "primarily interested in building a really cool site; profits, they assumed, would follow." By late spring, Facebook's leadership had agreed to rely on advertising, "with the ads discreetly presented"; by 2010, Facebook became profitable. According to Facebook, she oversees the firm's business operations including sales, marketing, business development, human resources, public policy, and communications.
Sandberg's executive compensation for FY 2011 was $300,000 base salary plus $30,491,613 in FB shares. According to her Form 3, she also owns 38,122,000 stock options and restricted stock units (worth approx. $1.45 billion as of mid-May 2012) that will be completely vested by May 2022, subject to her continued employment through the vesting date.
In 2012 she became the eighth member (and the first female member) of Facebook's board of directors.
In October 2012, Business Insider reported that stock units (appx. 34 million) vested in Sandberg's name accounted for nearly US$790,000,000. Facebook withheld roughly 15 million of those stocks for tax reasons, leaving her with nearly US$417,000,000. The media reported on August 12, 2013 that she sold 2.4 million shares in the company worth about US $91 million — 5 percent of her total stake in the company.
In April 2014, it was reported that Sandberg had sold over half of her shares in Facebook since the company went public. At the time of Facebook's IPO she held approximately 41 million shares in the company; after several rounds of sales she is left with around 17.2 million shares, a 0.5% stake in the company, worth about one billion dollars.
BoardsIn 2009 Sandberg was named to the board of The Walt Disney Company. She also serves on the boards of Women for Women International, the Center for Global Development and V-Day. She was previously a board member of Starbucks with a $280,000 annual salary, Brookings Institution and Ad Council.
Other work and venturesIn 2008 Sandberg wrote an article for The Huffington Post in support of her mentor, Larry Summers, who was under fire for his comments about women. She was a keynote speaker at the Jewish Community Federation's Business Leadership Council in 2010. In December 2010, she gave a TED speech titled "Why we have too few women leaders." In May 2011 she gave the Commencement Address at the Barnard College graduation ceremony. She spoke as the keynote speaker at the Class Day ceremony at the Harvard Business School in May 2012. In April 2013, she was the keynote speaker for Colgate University's second annual Entrepreneur Weekend. In 2015 she signed an open letter which the ONE Campaign had been collecting signatures for; the letter was addressed to Angela Merkel and Nkosazana Dlamini-Zuma, urging them to focus on women as they serve as the head of the G7 in Germany and the AU in South Africa respectively, which will start to set the priorities in development funding before a main UN summit in September 2015 that will establish new development goals for the generation.
Lean InSandberg released her first book, Lean In: Women, Work, and the Will to Lead, co-authored by Nell Scovell and published by Knopf on March 11, 2013. It is about business leadership and development, issues with the lack of women in government and business leadership positions, and feminism. As of the fall of 2013, the book sold more than one million copies and was on top of the bestseller lists since its launch.
Lean In is a book for professional women to help them achieve their career goals and for men who want to contribute to a more equitable society. The book looks at the barriers preventing women from taking leadership roles in the workplace, barriers such as discrimination, blatant and subtle sexism, and sexual harassment. She also examines societal barriers such as the fact that women still work the double day and the devaluing of work inside the home as opposed to work outside the home. Along with the latter there are the barriers that women create for themselves through internalizing systematic discrimination and societal gender roles. Sandberg argues that in order for change to happen women need to break down these societal and personal barriers by striving for and achieving leadership roles. The ultimate goal is to encourage women to lean in to positions of leadership because she asserts that by having more female voices in positions of power there will be more equitable opportunities created for everyone.
|“||A truly equal world would be one where women ran half our countries and companies and men ran half our homes.||”|
Main article: Ban BossyIn March 2014, Sandberg and Lean In sponsored the Ban Bossy campaign, a television and social media censorship advocacy campaign designed to ban the word bossy from general use due to its perceived harmful effect on young girls. Several video spots with notable spokespersons including Beyonce, Jennifer Garner, and Condoleezza Rice among others were produced along with a web site providing school training material, leadership tips, and an online pledge form to which visitors can promise not to use the word.
CriticismOne critic claimed that Sandberg is "too elitist" and another that she is "tone-deaf" to the struggles faced by the average woman in the workplace.
Sandberg addresses both of these issues in the introduction of her book, stating that she is "acutely aware that the vast majority of women are struggling to make ends meet and take care of their families" and that her intention was to "offer advice that would have been useful long before I had heard of Google or Facebook."
Personal lifeSandberg first married at age 24 and divorced a year later. In 2004, she married Dave Goldberg, then an executive with Yahoo! and later CEO of SurveyMonkey. The couple has a son and a daughter. Sandberg and Goldberg frequently discussed being in a Shared Earning/Shared Parenting Marriage. On May 1, 2015, Goldberg died while the couple was vacationing in Mexico. On June 3, 2015, she posted a 1700 word message about dealing with her grief. Within one day, the post had more received than 600,000 positive responses on Facebook and Twitter.
Sandberg currently lives in Menlo Park, California.
|Sheryl Sandberg: Why we have too few women leaders, TED|
|Barnard College Commencement Speech, Barnard College|
- Sheryl Sandberg has been ranked one of the 50 "Most Powerful Women in Business" by Fortune Magazine:
- On the list of 50 "Women to Watch" by The Wall Street Journal.
- Sandberg was named one of the "25 Most Influential People on the Web" by Business Week in 2009.
- She has been listed as one of the world's 100 most powerful women by Forbes. In 2014, Sandberg was listed as ninth, just behind Michelle Obama.
- In 2012, Newsweek and The Daily Beast released their first "Digital Power Index", a list of the 100 most significant people in the digital world that year (plus 10 additional "Lifetime Achievement" winners), and she was ranked #3 in the "Evangelists" category.
- In 2012, she was named in Time 100, an annual list of the 100 most influential people in the world assembled by Time.
- Lean In was shortlisted for the Financial Times and Goldman Sachs Business Book of the Year Award (2013).
- In 2013, she was ranked #8 on the "The World's 50 Most Influential Jews" conducted by The Jerusalem Post.