Back to #435 Mark Zuckerberg's Empire, with David Senra.
Why Did Facebook's Managers Quit in 2006?
David Senra, reading Jeremy Stern's profile Mark, says nearly all of Facebook's management team quit in 2006 after Mark Zuckerberg, then only 22, rejected their pleas to sell the company to Yahoo for a billion dollars. The refusal set a central tenet of the culture: in the face of opposition, Zuckerberg is right.
Much of the inner circle has been with him for over 15 years, since before Facebook's IPO in 2012, and some were already there in 2006. Others long ago accepted that they cannot do what he does and that, despite many mistakes, he is in a class by himself. Many of the men and women have lives they never dreamed of, and they owe all of it to him.
They may simply be too grateful, a worry men in his position have often had, to rescue him often or sharply from the isolation of the job and from letting his relationship to reality slip for even a moment. He keeps probing for a way out of the dilemma, even when it means he will get punched in the face.