Coming up Wednesday
The woman behind Facebook: TIME's Radhika Jones on this week's cover story on Sheryl Sandberg
This week's TIME magazine cover story has the first interview with Facebook COO Sheryl Sandberg on her new book "Lean In: Women, Work, and the Will to Lead."
The big reveal? Sandberg is anything but bossy. Sandberg also talks to TIME about last week's firestorm involving Marissa Mayer, as well as the ongoing criticism of her advice for women in the workplace.
That’s just one of the insights into the woman behind who leads the world's largest social networking site. This morning on "Starting Point," TIME's Radhika Jones shares more from the interview.
Jones sheds light on the Sandberg’s inspirational professional persona and the field where she plays a pivotal role.
“She's incredibly intelligent and competent person who has risen to the top of the field where you don't see a lot of women, period,” Jones says. “Let alone leadership positions. But she is passionate about bringing other women up with her and about advising women who are at the beginnings of their careers to be ambitious, be active and stay in.”
The 'boy kings' of Facebook: Author Katherine Losse on the male-dominated culture inside the social network
Katherine Losse, author of "The Boy Kings" and Facebook employee #51, on the male-dominated culture inside the company.
Get Real! Facebook's Mark Zuckerberg allegedly stiffs Rome waiter while on honeymoon
Facebook co-founder Mark Zuckerberg allegedly skipped a tip for a waiter while honeymooning in Italy.
Sen. Blumenthal: Facebook IPO 'was supposed to be fair to the little guy'
Three investors sued Facebook and chief executive Mark Zuckerberg on Wednesday, along with lead underwriter Morgan Stanley and a host of other underwriters, accusing them of withholding negative information about the social network's initial public offering.
On Starting Point this morning, Democratic Senator Richard Blumenthal discusses the reasoning behind these lawsuits and explains why he is calling for an investigation into the social network's IPO by the Senate Banking Committee and Congress.
Sen. Blumenthal says that he thinks disclosure laws may need to change in order to treat verbal communication between companies and investors the same as written prospectus.
“The law needs to change so that the playing field is fair and balanced and so everybody get the same information at the same time,” Blumenthal explains.
“The law, believe it or not, is supposed to be fair,” the Senator says, ”and the little guy, the ordinary investor, the retail as opposed to the institutional investor, really deserves fairness here.”
Will Facebook's IPO change Zuckerberg's attitude toward the company?
Facebook became a publicly traded company on Friday and after a tepid market response, the social network's shares fell below it's IPO price when the market opened this morning.
Ben Mezrich wrote the book that was adapted for the screen as the blockbuster movie "The Social Network," and he sits down with Starting Point this morning to explain how he thinks Mark Zuckerberg is responding to the disappointing IPO.
"Zuckerberg doesn't really care. He doesn't really care about money," Mezrich says. For him personally, "it's more about people wanting to use Facebook."
Mezrich calls Zuckerberg a "bit of a strange guy," who's "very socially awkward." However, Mezrich says that Zuckerberg's "megalomania and his belief in Facebook will be good for the company."
Mezrich also responds to the outrage that erupted last week after Facebook co-founder Eduardo Saverin renounced his U.S. citizenship, a move that may allow him avoid paying an estimated $67 million of taxes on the social network's IPO launch.
"I don't think he thought it through or realized how upset people would get about it," Mezrich explains.
Will Zuckerberg change Wall Street, or will Wall Street change Zuckerberg?
Despite the fact that Mark Zuckerberg is expected to make $20.3 billion from today's Facebook IPO, author of "The Facebook Effect" David Kirpatrick doesn't think that it's all about the money for the social network's founder.
On Starting Point this morning, Kirkpatrick says that Zuckerberg isn’t a money-oriented guy, agreeing with this morning’s New York Times story that argues that Zuckerberg would find it "uncool" if a Facebook staff member showed up to work in a Lamborghini.
As for Zuckerberg’s signature hoodie, Kirpatrick says that it’s not going anywhere. Although the choice to wear the hoodie wasn’t an entirely deliberate decision on Zuckerberg’s part, according to Kirpatrick, there is a message behind his style: “I am not going to change.”
Facebook co-founder's decision to renounce U.S. citizenship outrages lawmakers
Facebook co-founder Eduardo Saverin caused controversy this week when he announced that he was renouncing his U.S. citizenship and moving to Singapore, a move that may allow him to reduce the taxes he pays on the social network's IPO launch by an estimated $67 million.
In defense of his actions, Saverin released a statement that reads: "I have paid and will continue to pay any taxes due on everything I earned while a U.S. citizen. It is unfortunate that my personal choice has led to a public debate, based not on the facts, but entirely on speculation and misinformation."
Nonetheless, two senators on Capitol Hill are so outraged by Saverin's decision that they've introduced the "Ex-Patriot Act," legislation aimed at making people like Saverin pay.
The bill would would impose new penalties on those seeking to renounce their citizenship for tax purposes and bar them from re-entering the U.S. if the reason they renounce is to avoid taxes.
On Starting Point this morning, Sen. Bob Casey, one of the senators who introduced the act, says that Saverin's case is one of the "most egregious examples we know of" and stresses that people who try to evade paying taxes in this way "must be held accountable."
Reddit.com co-founder explains why he isn't planning to buy Facebook stock
Reddit.com co-founder Alexis Ohanian discusses Facebook's IPO and explains why he isn't planning to buy stock in the company.
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