New York: Mark Zuckerberg, the Facebook’s chief executive, is celebrating his 28th birthday on Monday (Today).
At 28, Zuckerberg is exactly half the age of the average S&P 500 CEO, according to executive search firm Spencer Stuart. With eight years on the job, he’s logged more time as leader than the average CEO, whose tenure is a little more than seven years, according to Spencer Stuart. Even so, the pressures of running a public company will undoubtedly take some getting used to. Once Facebook begins selling stock, Zuckerberg will be expected to please a host of new stakeholders, including Wall Street investment firms, hedge funds and pension funds who will pressure him to keep the company growing.
His company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday. The IPO could value Facebook at nearly $100 billion, making it worth more than such iconic companies as Disney, Ford and Kraft Foods.
Facebook, of course, got its start in Zuckerberg’s messy Harvard dorm room in early 2004. Known as Thefacebook.com back in those days, the site was created to help Harvard students — and later other college students — connect with one another online. The scrappy website later grew to include high-schoolers, then anyone else with an Internet connection. Today more than 900 million people log in at least once a month, making Facebook the world’s definitive social network.
All along, Zuckerberg has shown a maturity beyond his years. As the site grew rapidly and caught the eye of big media and rival Internet companies, Zuckerberg consistently rebuffed mouth-watering buyout offers, including from Google Inc. and Yahoo Inc.
About Zuckerberg
Mark Elliot Zuckerberg was born on May 14, 1984. He is an American computer programmer and Internet entrepreneur. Facebook was co-founded as a private company in 2004 by Zuckerberg and classmates Dustin Moskovitz, Eduardo Saverin, and Chris Hughes while they were students at Harvard University. As of February 2012, Zuckerberg is the largest individual shareholder with 28.4 percent of the common stock and 56.9 percent of the voting power.
Zuckerberg was named four times in Time 100 respectively in 2009 as one of the 100 influential people of the world, in 2010 as Time magazine’s Person of the Year, in 2011 as one of the 100 influential people of the world and in 2012 in “The All-Time TIME 100 of All Time” by Joel Stein in Time. As of 2012, his personal wealth is estimated to be $17.5Â billion, making him one of the world’s youngest billionaires.
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