I don’t think Sheryl Sandberg, whose unofficial title at Facebook was “the adult in the room” to keep CEO Mark Zuckerberg in check, will be at the social media company in 2019.
Given the turmoil in the company as shares have crashed 35% over the last four months, Sandberg will be used as scapegoat for creating all the drama at Facebook and its ties to Democrats.
Facebook directors have to be devising an exit plan for Sandberg, which may play off of her ties to Washington — saying she wants to be involved in 2020 election in some capacity — to ease her out.
The narrative published Monday in the Wall Street Journal that said Zuckerberg is a war and gathered 50 of his top lieutenants to take on the enemy within the company was the first shot in the “Berg War”.
If you believe the narrative, which I don’t, that Zuckerberg was a hacker in a hoodie and Sandberg was brought in to run the day-to-day operations, then the adult in the room brought her Democratic colleagues in the Senior Executive Service from Washington to use the service to further the liberal agenda.
None of the negative spin will be brought up in her exit narrative, unless Sandberg digs in her heels over having to take the rap for the stock carnage and political woes.
Look for Sheryl to lose the Berg War and surrender in mid-December with announcement made on a Friday afternoon to blunt news impact and reaction.
The subsequent stock pop on Sunday night futures market will tell you who the Street backs.