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Meta’s COO, Sheryl Sandberg, is Stepping Down

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Sheryl Sandberg, the trail-blazing chief operating officer (COO) of Meta, is stepping down. She announced the development on her Facebook page Wednesday, after 14 years of thrilling career at the world’s largest social media platform.

Sandberg joined Facebook in 2008 when it was a startup and helped build it to the conglomerate it has become. Her role as the COO came with a mammoth of responsibilities that put her leadership and motherhood capabilities to the test.

“When I joined Facebook, I had a two-year-old son and a six-month-old daughter. I did not know if this was the right time for a new and demanding role. The messages were everywhere that women – and I – could not be both a leader and a good mother, but I wanted to give it a try,” she said.

Besides the challenge of combining leading at work and being a mother, Sandberg was up against managing the chaos of running a huge social media startup idea that has not been largely tested before.

“When I was considering joining Facebook, my late husband, Dave, counseled me not to jump in and immediately try to resolve every substantive issue with Mark, as we would face so many over time. Instead, I should set up the right process with him.

“So, on the way in, I asked Mark for three things – that we would sit next to each other, that he would meet with me one-on-one every week, and that in those meetings he would give me honest feedback when he thought I messed something up. Mark said yes to all three but added that the feedback would have to be mutual. To this day, he has kept those promises,” she said.

After more than a decade of massive ups and downs of running Facebook, coupled with family challenges, the company has given birth to subsidiaries commanding more than two billion users worldwide and Sheryl Sandberg has become one of the biggest names in Silicon Valley.

But leaving Meta at this point where it has fresh serious challenges brings the why question. Sandberg’s era at Facebook was also marked by scandals. The social media giant came under the heat for spearheading disinformation, hate and conspiracy theories post 2016 election that ushered in former President Donald Trump to power.

Facebook was fingered as the paramount platform that enabled Russia to meddle with the US election, prompting backlash and criticism that spilled over to 2020. After Trump lost his reelection bid, Facebook again became the center of the chaos that ensued as it was accused of giving the organizers of post-election violence the platform to plan the January 6 insurrection at the US Capitol.

In her response, Sandberg falsely claimed that the day’s events were “largely organized on platforms that don’t have our abilities to stop hate.” This is contrary to investigation which found that Facebook played a central role in the “Stop the Steal” movement following the 2020 election after fostering far right groups like QAnon and the Proud Boys for years before taking action.

As noted by TechCrunch, that unforced error was just one of Sandberg’s recent PR blunders. But others bear heavy weight as well. They include her involvement in contracting the Republican opposition research firm Definers Public Affairs to plant negative stories about liberal billionaire George Soros and a more recent report that Sandberg leveraged the Meta communications team to kill a story about Activision Blizzard CEO Bobby Kotick, her former boyfriend who is now accused of fostering a culture of sexual harassment at the gaming company.

The discovery of her involvement in the attempt to bury Kotick’s sexual harassment story appears to be the last straw for Meta. The WSJ reported also that due to the discovery, she’s facing “internal scrutiny” and an internal review at Meta.

However, it is not clear the real reason why Sandberg is stepping down. She said she will be focusing on her foundation and philanthropic works for now.

Though Meta CEO Mark Zuckerberg described her exit of the COO as “the end of an era,” heaping praises on her for helping him build Facebook, recent events and reports suggest that ‘Facebook’s growing political tensions and Sandberg’s handful of high profile missteps have strained the relationship between them.’

However, Sandberg will remain in Meta’s board. Zuckerberg said “I don’t plan to replace Sheryl’s role in our existing structure. I’m not sure that would be possible since she’s a superstar who defined the COO role in her own unique way.” But he added that Javier Olivan will become the next Chief Operating Officer since he will now lead Meta’s integrated ads and business products in addition to continuing to lead its infrastructure, integrity, analytics, marketing, corporate development and growth teams. But this role will be different from what Sheryl has done.

Having described her as “my good friend and partner,” Zuckerberg didn’t hold back from attributing Meta’s success to Sandberg’s prodigy.

“When Sheryl joined me in 2008, I was only 23 years old and I barely knew anything about running a company. We’d built a great product — the Facebook website — but we didn’t yet have a profitable business and we were struggling to transition from a small startup to a real organization.

“Sheryl architected our ads business, hired great people, forged our management culture, and taught me how to run a company. She created opportunities for millions of people around the world, and she deserves the credit for so much of what Meta is today,” he said.

Ahmad Isah, A Nigerian Radio TV Host, Starts Crowdfunding to End ASUU Strike

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A  Nigerian has embarked on a crowdfunding mission to get university students back to school. Ordinary President, Ahmad Isah, who hosts the popular TV and Radio program, Berekete Family, has opened a bank account, soliciting for funds from Nigerians to settle the financial scuffle between the Nigerian government and the Nigerian universities’ union.

The Academic Staff Union of Universities (ASUU) has been on strike for nearly four months now, resulting in the closure of public universities across the country. ASUU is asking for N18 billion to clear the salary backlog and improve public university education.

The Nigerian government has reneged on agreement it previously reached with the Union, and has shown no sign of readiness to yield to its demands. This has made it difficult for the union to call off the strike on account of the government’s promises.

The government also appears more focused on the polity as the 2023 elections draw close. This has left the students to atrophy at home. With both the government and ASUU not ready to yield, Nigerians are now taking the matter into their own hands.

“No be shameful thing to support your mama and papa. We go support the Federal Government of Nigeria. Let us intervene and raise N18 billion to support and end ASUU strike,” Isah said in a post on Twitter.

“This #ASUU intervention donation shall determine how can turn things around in this country. Your N50, N100, N200, N300, N400, or N500 – N1 billion will make a difference. What are you waiting for? Please Nigerians, shout it out and make sure you donate,” he added after sharing the designated bank account details for the crowdfunding, where he has reportedly made a N10 million donation.

Signatories to the account are the Acting Accountant General of the federation, ASUU president and Secretary.

Besides Isah, students have also called on presidential aspirants to make donations to send students back to school. Last month, the Progressive Students Movement (PSM), a nationwide students’ movement, urged political parties to consider donating 40 percent of proceeds from sale of forms to ASUU.

The idea is becoming popular due to the recent happenings in Nigeria’s political space, where presidential aspirants under the ruling All Progressive Congress (APC) are paying a whopping N100 million for a nomination form.

“In the interest of national development, we strongly believe that donating 40 percent of proceeds from the sale of nomination and expression of interest forms to ASUU will immediately see schools reopening.

“This call follows the continued ASUU strike and the failure of the government to yield to its demands as signed in a 2009 agreement, by the then administration even as we understand government is a continuum.

We wish to urge political parties to consider donating 40 per cent of the total proceeds from the sale of forms to ASUU in the best interest of Nigerian students and youths,National President of PSM, Mr Bestman Okereafor, told NAN.

The leader of the movement said political parties should see the donation as an opportunity to attract student voters.

“Such political party or parties will tend to enjoy the massive support and votes of Nigerian students.

“We are aware that some political parties have so far generated over N19 billion from the sale of nomination and expression of interest forms.

“We are optimistic that should such a gesture be offered by political parties, the government will be left with no option other than settling the remaining balance of ASUU demands,” he said.

Since the political actors have failed to heed this call, Isah’s crowdfunding move has become the closest solution to the lingering ASUU’s industrial action that has paralyzed academic activities in government universities.

Join Tekedia Capital And Own A Piece of Great Startups of the Future

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Five factors – knowledge, capital, land, labour and entrepreneur. How you combine and recombine them defines the wealth of nations and the capabilities of a people. The knowledge of a people is the wealth of a people. Unleashing that knowledge through risk takers (the entrepreneurs) have defined the progress of men and women.

But what do entrepreneurs really do? They bring all these factors together; that togetherness is seen via people, processes and tools, which are then used to create products and services to fix market frictions.

Tekedia Capital makes friends with these entrepreneurs, providing them with capital to go into markets and solve problems. If you want to own a small piece of the leading companies of the future, join Tekedia Capital syndicate and co-invest with us in the empires of the future.

Learn more, become a member, and be part of our next investment cycle here . We just fired a rocket; the target is a #Unicorn at New York Stock Exchange, London Stock Exchange, Lagos Stock Exchange, etc. Come along and let us improve our scale and precision with your partnership. Building #NextAfrica.

 

Comment on LinkedIn Feed

Comment: But Prof, I thought entrepreneur and knowledge is still the same e.g. a knowledge entrepreneur – so I can simply follow that it’s a matter of quality of entrepreneur. Another way, knowledge and labour – but mostly entrepreneur and knowledge.

My Response : You can have knowledge without being an entrepreneur. You can also have knowledge without being a labourer. Unlike Adam Smith’s mercantilist system upon which the old classical economics was formed, elevating knowledge as a factor of production is essentially saying that in modern markets we have x-factors. And those x-factors are not linear or even quadratic in impact; they deliver exponential impacts in changing basis of competition.

Think of it this way: you have 10 bank staff that reconcile books manually; it takes them 6 hours to do the job. You can get a better 10 staff who can give you a factor of 2 improvement (3 hours). You are operating in the realm of labour. But someone can make a software that does the same thing in a second. In that case, you are dealing with a new element which is possible because of new knowledge, not bound by improving “labour” as a factor of production. Now, that knowledge can be dynamic such that you can eliminate that labour (talk of AI, chatbook, etc). 

During the invention society era (up to AD 1500), the world had “knowledgeable inventors” but limited innovators. In other words, they had knowledge but they could not build products and services. Entrepreneur is different from knowledge because Entrepreneur makes things that solve problems. Tesla (the inventor) had knowledge but he possibly died “poor” like many in his time (inventors with knowledge); Elon Musk is an entrepreneur (innovator), he used that knowledge to build a product (a car) which solves a real problem.

 I explained this process in my book which received the IGI Global Book of the Year Award.

 

Preventing Employee Burnout In The Workplace

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Work Space

Burnout according to google is a form of exhaustion caused by constantly feeling swamped. It is a result of excessive and prolonged emotional, physical and mental stress. In many cases, burnout is related to one’s job.

In the workplace, it only occurs when an employee is overwhelmed with excess workload, or exhausted from the completion of a tedious task, which leaves them physically and emotionally drained. It becomes very difficult for them to keep up with the incessant demands of their employers as well as the demands of the workplace.

It is important to note that no organization grows when the team members constantly face burnout, because it lowers productivity, leads to lack of concentration, health decline, etc. One of the major causes of burnout in the workplace is work overload.

Among other causes, burnout can result from an inflexible schedule, unrealistic deadlines, unfair treatment. Managers must understand that an employee experiencing work burnout cannot perform well on the job. It will no doubt stifle the growth of the organization.

It is interesting to note that work burnout does not only affect employers, but also the organization, because a company can risk losing their competent and talented staff members. Due to how effective they are in the workplace, most employers tend to give so many tasks to their best team members, at the detriment of their well being.

Managers must come to the understanding that employees are humans and not robots, as some of the team members are likely to fail to deliver on a given task or fail to meet expectations, not because they are not effective, but as a result of too much workload.

Therefore, employers must see the need to withdraw certain tasks to avoid overwhelming their team members. One strategy often used by managers who do everything to ensure that the team members do not face burn out, is to provide them with paid time off.

However, here are four (4) ways on how employers can prevent staff burnout;

1.) Maintain A Flexible Schedule: Employers must ensure that team members are given flexible schedules in the workplace. For instance, there shouldn’t be back to back meetings and work execution that won’t give them time to rest or replenish their energy. Team members should have a place for rest in their work schedule, and not always constantly loaded with work as it will lead to burnout. There should be a flexible workplace schedule that accommodates their individual schedules most especially outside the workplace.

2.) Taking Note Of Excess Workload: Managers must ensure that employees are not unnecessarily tasked with unreasonable workloads. While workloads might be sometimes necessary, probably due to meeting deadlines, however, it shouldn’t be a regular thing. Managers must take note of workload being given to team members, and carefully observe if it is too much for them to handle. Once they notice that their team members are overwhelmed with the task, it is ideal that they take off certain tasks.

3.) Offer Employees Time Off: Employers must see the need to give employees time off from work, where they can go on a vacation or rest from a hectic work period. The time off could be for a week, month, year, depending on what the manager decides. Time off gives team members the chance to reset and recharge which will no doubt see them resume at the workplace rejuvenated.

4.) Encourage Feedback: Though this can sometimes be uncomfortable and challenging on the part of the team members, feedback, positive, constructive or negative allows them to express their concerns over something they are not cool with. When a company has a workplace structure that encourages feedback, employers can get to know when any member of the team is faced with burnout.

Final Thoughts

No organization thrives when a large percentage of their team members are faced with burnout probably due to excessive workload. One negative impact is that it stifles the organization’s growth which also affects their revenue, because tired workers can’t give their best.

Therefore, it is pertinent for managers to deploy measures to eliminate work burnout from it’s team members, because once these measures are put in place and strictly adhered to, it will no doubt improve productivity in the workplace and encourage staff retention. The company’s revenue will also experience high turnover.

I am for remote work. I am also for onsite. Find what works for you.

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Elon Musk is his generation’s finest innovator, but on this one, he may not be providing a template for everyone to copy blindly. Yes, that Elon has said it does not mean it is the best model. My position is simple: market systems are different, and you need to check what works for your business.

Remote work offers many advantages because of the improving marginal cost efficiency which makes it easier to tap talent from anywhere on earth.

But that does not mean that if your business is on the quasi-industrial age type (making cars) that factory workers will not revolt if “soft” colleagues are at home working. To maintain equilibrium, HR might have told Elon to pause remote work. Do not follow blindly.

I am for remote work. I am also for onsite. Find what works for you.

Elon Musk has reportedly told Tesla employees that they must put in a minimum of 40 hours per week in the office if they also wish to do remote work.

“If there are particularly exceptional contributors for whom this is impossible, I will review and approve those exceptions directly,” he wrote, according to the screenshot, which was shared on Twitter.

Comment on LinkedIn Feed

Comment 1: It depends on nature of work and culture, not every job makes sense remotely. There are things that happen when people are in a room trying to figure out what works, trying to replicate same remotely is a joke. For elite and experienced employees, remote can get things done, but for others, expect inefficiencies and frustration at intervals.

Comment 2: Remote work was not designed for the kind of work we do here in nigeria. But every organization will choose which option will be favourable to them.