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Facebook IPO: An Open Letter To Mark Zuckerberg

Posted: 02/ 3/2012 3:40 pm

Dear Mr. Zuckerberg,

Congratulations are definitely in order. That S-1 filing for Facebook's IPO was filled with impressive numbers: $3.7 billion in revenue last year, $1 billion in earnings, and $3.9 billion in the bank account.

There was one number that really caught my eye though:

Zero.

Zero is the number of women listed on Facebook's Board of Directors.

What I want to know is why?

Many studies show that companies with high percentages of women on the Board perform far better than companies without women on the Board. In fact, the Fortune 500 companies with the highest percentage of female directors have a 62 percent higher return on invested capital than companies with the lowest percentages of female directors, according to one article outlining the business case for women on Boards.

Surely you know the value of women in leadership positions, since Sheryl Sandberg has helped elevate Facebook to unprecedented success. Have you asked her what she thinks about women being shut out of the Boardroom at Facebook? I'd also like to remind you that women make up 58 percent of your users.

In your letter submitted with the IPO filing, you said your goal is "to give everyone a voice and to help transform society for the future." I challenge you to walk the walk and amplify the voices of women and other minorities by fighting to elect them to Facebook's Board of Directors. We can't transform society and leave women behind.

Sincerely,

Natalie MacNeil

This post was originally published on She Takes on the World.

 
 
 

Follow Natalie MacNeil on Twitter: www.twitter.com/nataliemacneil

 
 
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06:48 PM on 02/06/2012
To me it's a problem when they start mandating that women be promoted or appointed. Let them earn it just like anybody else. Thinking men are chosen over women is outdated and reverse sexism. As one reader commented:"Funny how the right person always turns out to be male" could be that men are more willing to do what it takes to get there. Instead of wining about it, women should do the same.
08:22 PM on 02/08/2012
I agree. I'm all for women's empowerment. And that's not lipservice. You can find my comments on this topic in a variety of places around the Internet.

But I don't see the point of saying, "Give a woman a position on the Board of Directors because she's a woman." That's as demeaning to women as not giving a woman a job BECAUSE she's a woman.

Unless someone wants to accuse MZ of outright sexism and discrimination, I think it's safe to assume that he's got the best people on his Board that he feels were available at the time. To make this an issue of sexism seems unfounded at this point.
06:44 PM on 02/06/2012
"What I want to know is why?" C'mon now. That's not very honest.
07:01 PM on 02/05/2012
Perhaps Natalie MacNeil could explain how the great advantage of involvement by women is reflected in our public schools. Women make up the majority of public school teachers. Does anyone think that our public schools are doing a good job?
Bianca S
You can't go trick-or-treating. Ever. For a week
11:48 PM on 02/05/2012
You honestly think public schools are failing because of teachers? That's a trip. Try the the governenment who doesn't give a flying you know what about education, budget cut after budget cut, teachers losing their authority and yet gaining all the responsibility and parents who coddle their children or aren't in the picture period. But yes, you just continue to blame those "women teachers" and their $35,000 salaries.
11:39 AM on 02/05/2012
Why are there no left handed dwarfs on the board? That's the truly important question.
12:20 PM on 02/04/2012
FB will eventually have women on the board but I don't think now would be a good time for that.
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b4pangea
Insert clever micro-bio here
09:33 AM on 02/04/2012
I thought his sister was on the board at one time, but left to do something else.....
HUFFPOST SUPER USER
MissTake1989
Equal means equal, hypocrites.
07:21 AM on 02/04/2012
Perhaps he simply choose the people he thought were best for the job...regardless of their gender. Just as he did with Sandberg.

Should he have opted for quotas over merit?
11:51 AM on 02/05/2012
No, but that's not the way the Huffies view things. They love quotas.
04:24 PM on 02/05/2012
The women here demand equality in everything that's good and easy. You'll never see them whining that there aren't enough women coal miners or that they want to serve on the front lines.

Equal but special is their battle whine.
07:24 PM on 02/03/2012
Nathalie - what a great letter! Having women on the board of Facebook would give women a voice that is needed. It's wonderful that women make up the majority of FB users. We are entering a time of great change for women, and we look forward to technology platforms that will amplify our voices. As Nicholas Kristof and Sheryl WuDunn state in their book, Half The Sky: Turning Oppression Into Opportunity for Women Worldwide, the moral issue of this century is the genocide of women and girls. We hope to stop this by amplifying women's voices. Let's see Facebook give back in ways to help women. Great work Nathalie!
11:39 AM on 02/05/2012
Yawn.
09:43 AM on 02/06/2012
Women are not helped by women on the board, only the lady who gets the job. If you think men on the board help's the average worker think again.
07:16 PM on 02/03/2012
There's more women active on Facebook than men. You can't have everything ladies. The right PEOPLE for the job are on the Board of Directors. Get over it.
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french queen13
my beloved is mine and I am his
10:27 PM on 02/04/2012
Funny how the right person always turns out to be male though.
11:52 AM on 02/05/2012
Women have all the advantages in this 21st Century.
You know it.
I know it.
04:26 PM on 02/05/2012
If there were medals for whining and crying then little Tommy would become the best at whining and crying. But there aren't, so little Tommy strives to WIN WIN WIN.

Keep pointing fingers though. Squeaky wheel gets the grease and all that.
05:50 PM on 02/03/2012
I think it's sexist to assume women on a board make a company better or worse. When I hear women complaining about things it's the wails of elitist complaining about a lack of access to ever more elite positions. It's not about what gender is on the board but abilities of those people. The piece did not take the time to analyze who are the people on the board, or their qualifications. The were reduced to a gender. These sexist assumptions about the presence of women making things all better don't hold water and wreak of hypocrisy when the truth is good people make things better.

Women wanting women to be powerful and dominate is little better than men wishing the same for men. It is not going to make life for the average women better anymore than men on boards make most men's lives better. The focus needs to get off the roles occupied by very few people. Such changes are inherently superficial in nature. In the tech world where mostly men CHOOSE to be employed it should come as no surprise that most of those in leadership are in fact men.

Women can also CHOOSE to do these things. HP is on it's second female CEO after the previous one failed. How sexist would it be to assume the second female gender would also fail. This gender based assessment can quickly be turned around and provide excuses to exclude people.
08:23 PM on 02/03/2012
Totally Agree! I am a woman who is strong enough to admit that I am where I am because I want to be. Not because someone LET me be! :)
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MissTake1989
Equal means equal, hypocrites.
07:22 AM on 02/04/2012
Thank you. Thank you. Thank you.

It breaks my heart/turns my stomach every time I see a woman say "no one asked me, no one invited me, no one welcomed me, no one allowed me" etc.

No one will.
11:53 AM on 02/05/2012
Bravo!
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NobleTry
More ground is in the middle than at either end.
09:36 PM on 02/03/2012
That's really the first and the last word, isn't it? Pure and unadulterated sexism (and also bullying) to make a DEMAND like this. "value of women in leadership positions...." Um. No. He *invented* it. So he gets to invite who he wants to the party.
07:51 PM on 02/04/2012
Focusing on the gender of those in leadership is sexist. That focus made sense when the cultural mainstream was truly hostile to women, but now it isn't. We have women leading many major companies and we think nothing of it. Women running against men for public office stand a equal chance of winning even though few choose to run.

Most of the overt sexism that remains seems to come from the equality advocates who insist we pay special attention to what job a women wants regardless of how senior a position they are already in. To justify this they resort to female chauvinism, declaring the many ways in which women may be superior to men. I think those who make it that far are capable enough to fight for whatever job they want on their own especially since it's mainly themselves who stand to benefit from the position.

How often have we heard about the world being better if it were run by women? That is sexism and it's coming from a kind of feminist who is not a true supporter of us all being judged as individuals.
05:28 PM on 02/03/2012
Thanks for this - however, maybe women that are working at Facebook do not want to be on the Board of Directors? Have you asked the women that work at Facebook? Have you asked Mark, himself? Seems to me Sheryl Sandberg is likely pretty happy earning the type of coin she is pulling in. I'm sure Mark would not have an issue if Sheryl wanted to be on the Board of Directors?
My opinion is I am very happy Mark founded Facebook ....and Sheryl is not underpaid from what I hear............and Facebook has helped to change the world!
Lisa McKenzie
Social Marketing Strategist, Relationship Ma
05:22 PM on 02/03/2012
Thank you Nathalie for so eloquently expressing what Mark & the other members of the Facebook board need to hear. Just think, with a few women in the boardroom 2011 might have proven even more lucrative. They could have been closer to their 100 Billion$ valuation and not the generous $75B experts are claiming.
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MissTake1989
Equal means equal, hypocrites.
07:23 AM on 02/04/2012
Perhaps they would have only made $50B.

What a baseless what if...
09:25 PM on 02/07/2012
And with a few more maybe they'd be worth 200! It's really a pity a woman didn't invent it because then it'd be 3 or 4 times more successful than it is now.
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SeptemberMay
Writer / Ghostwriter
04:35 PM on 02/03/2012
Natalie, how inspiring and invigorating to come across this post. Thank you for taking this stand! I wonder how many of Facebook users are women over 40, because their board of directors could use a strong shot of older women in particular guiding them. In the research we've been doing on this demographic for SeptemberMay, along with market research studies emerging on the boomer consumer, we've found that this demographic, in many ways, IS our future.
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HUFFPOST BLOGGER
Natalie MacNeil
Emmy Award Winning Digital Media Entrepreneur
05:10 PM on 02/03/2012
Thanks for your comment! The 35+ demographic makes up over 30% of users overall and women are 58% of users overall. The Board definitely needs women with strong reputations and solid experience and there are a LOT of them that could fit the mold. I think Sheryl Sandberg was an amazing hire for Facebook and is pretty much the one who commandeered Facebook's path to profitability. And she's no stranger to the boardroom!
04:29 PM on 02/05/2012
"The Board definitely needs women with strong reputation­s and solid experience..."

Why?
04:30 PM on 02/03/2012
Great post Natalie. I completely agree!
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Natalie MacNeil
Emmy Award Winning Digital Media Entrepreneur
05:01 PM on 02/03/2012
Thanks for sharing! :)
04:23 PM on 02/03/2012
My concern is, do you just start removing men from positions because they're not women?
I hear this question asked a lot and I have heard explanations that range from "it was unintentional" to "women professionals just didn't want something unstable and take the risk when we were a startup", but my question is how do you think we fix the issue without punishing (qualified) men for being a man?
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Natalie MacNeil
Emmy Award Winning Digital Media Entrepreneur
05:18 PM on 02/03/2012
No, I don't think companies should just start removing men; they should start adding women. They should start recognizing that there is power in diversity on Boards, power that translates into profits. It always has to come down to electing the most qualified people, however, there are plenty of qualified women that continually get overlooked because of the perpetual old boy's club that unfortunately is still a huge driving force in business.
HUFFPOST SUPER USER
MissTake1989
Equal means equal, hypocrites.
07:26 AM on 02/04/2012
Zucherberg is like 24. What OLD BOY's club?

Now, you are just spouting feminist cliche without a shred of evidence.