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Sheryl Kara Sandberg (born August 28, 1969)[2] is an American businesswoman. She has served as the chief operating officer of Facebook since 2008. In June 2012, she was also elected to the board of directors by the existing board members,[3] becoming the first woman to serve on its board. Before Facebook, Sandberg was Vice President of Global Online Sales and Operations at Google. She also was involved in launching Google's philanthropic arm Google.org. Before Google, Sandberg served as chief of staff for the United States Department of the Treasury. In 2012, she was named in Time 100, an annual list of the 100 most influential people in the world assembled by Time.[4]

In late 2007, Mark Zuckerberg, co-founder and chief executive of Facebook, met Sandberg at a Christmas party held by Dan Rosensweig; at the time, she was considering becoming a senior executive for The Washington Post Company.[5] Zuckerberg had no formal search for a COO but thought of Sandberg as "a perfect fit" for this role.[5] They spent more time together in January 2008 at the World Economic Forum in Davos, Switzerland, and in March 2008 Facebook announced hiring Sheryl Sandberg away from Google.[11]

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."[5] By late spring, Facebook's leadership had agreed to rely on advertising, "with the ads discreetly presented"; by 2010, Facebook became profitable.[5] According to Facebook, Sandberg oversees the firm's business operations including sales, marketing, business development, human resources, public policy and communications.[12]

Her 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. [13]

In 2012 she became the eighth member (and the first female member) of Facebook's board of directors.[14]

In October 2012, Business Insider reported that stock units (appx. 34 million) vested in Sandberg's name accounted for nearly $790,000,000. Facebook withheld roughly 15 million of those stocks for tax reasons which left Sandberg with a neighborhood of nearly $417,000,000.

Information source: http://en.wikipedia.org/wiki/Sheryl_Sandberg


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