I’d like to join industry experts in calling for 28-year-old Mark Zuckerberg to step down as CEO of Facebook and bring in a seasoned professional. We should take a page from the framers of the US Constitution that a chief should be at least 35-years-old. Since IPO, Facebook’s market cap has slipped to a measly $40 billion, only 28 times the value of The New York Times Company and only twice the value of Yahoo. That means the 8-year-old company has only created $5 billion in value a year under Zuckerberg’s juvenile watch.
This is even more of a tragedy when you consider all the experienced CEOs who are available and would likely jump as the opportunity, such as Carol Bartz, Leo Apotheker, Janet Robinson and Tony Hayward, despite all the challenges they’re facing properly managing the tens of millions of dollars they received from their most recent severance packages.