Facebook finance chief Gideon Yu departing
Facebook Inc., the closely held Internet company that’s reportedly been seeking a fresh round of financing, is parting ways with Chief Financial Officer Gideon Yu.
Facebook spokesman Larry Yu said Gideon Yu’s departure is unrelated to any effort by the company to raise further funds.
Source: MarketWatch
Update (April 1, 2009): Industry Shocked And Angered By Facebook CFO’s Firing. Gideon didn’t get along with Facebook’s top management. Gideon also had an “increasingly strained relationship” with CEO Mark Zuckerberg “over a series of strategic disagreements over a wide range of issues from increasing ad revenue to fundraising discussions with investors.” Facebook CEO Mark Zuckerberg is quick to push those he disagrees with out of the company. One shared sentiment though is that Mark is a very demanding person to work for, if you screw up, one day you are in, the next day out, persona non grata. Source: CNNMoney
Technologizer.com reports: “Reportedly, Yu left the company immediately after a meeting, symbolistic of Zuckerberg’s apparent “you’re with me or against me” mentality. But the way Facebook framed the departure is troubling”.. “Zuckerberg needs to learn if he wants to take his company public that investors do not like turmoil. The revolving door of executives at Facebook will make investors uneasy, and reluctant to invest in the company.”
Just a week after I finally created a profile!
Coincidence?..
No doubt that ex-CFO will not let you get away easily: the guy was forced to hit the road a week after you have opened a profile at FB! Oh boy! I’d be heading towards mexican border by now if I be you.
Zuckerberg has no idea how to operate big company: he is too obmicious, too young and has no experience. He was just in the right time and the right place. He knows PHP pretty well, though. It is time to replace him, otherwise FB will go down to tubes very soon. Like Yahoo’s CEO Jerry Yang he has to hit the road. IMHO.
[...] Facebook fired its CFO (New) [...]
Poor, poor little ambitious Zuckie. I feel sorry for him. It will be a personal catastrophe if the company decides to kick him out. He could work only as a big boss of a big company. Downgrade will be painful.