I'm off this week, but managed to wrangle some content from our contributors to fill the void in my absence. There's stuff from Greg Kyte, Chris Hooper, Leona May and our friends at Accountingfly. Do me a solid and keep them occupied or write something up for Open Items. I'll be back next week.
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Facebook Finds a CFO, Hopefully One that is Okay with Awkward Interaction
Facebook Inc. announced today that David Ebersman will be the company’s Chief Financial Officer:
Ebersman, 39, will oversee Facebook’s finance, accounting, investor relations and real estate functions. He will formally start in September, Palo Alto, California-based Facebook said in a statement today.
You’ll note that Ebersman will oversee “investor relations”. It’s probably no coincidence that this is not a task that falls on Mark Zuckerberg who “has been known to have awkward interactions with other humans”:http://valleywag.gawker.com/344440/60-minutes-scoop-zuckerberg-remains-awkward-with-humans.
Thus, another challenge that will face Ebersman in his new position will be actually interacting with his boss. We here at Going Concern predict that awkward encounters with Zuckerberg will definitely be the biggest unforeseen challenge that Ebersman will wrestle with.
The article does not elaborate on whether Ebersman’s status updates on the social networking site are trite observations about the weather, his busy weekend, or a bad day at work.
“
Facebook Names Former Genentech Manager Ebersman Finance Chief”:http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1vS1Ub87oSA [Bloomberg]