Streams

Episode #5

Money Talking: Facebook’s IPO Flop and White Male Board

« previous episode | next episode »

Thursday, May 24, 2012

Facebook founder and CEO Mark Zuckerberg in August at a Facebook event. (Rubin Museum)

Facebook’s much-anticipated debut as a public company has turned out to be a small disaster. The company and its lead investment bank, Morgan Stanley, are under fire from regulators and Congress; and the head of NASDAQ is apologizing for its role in how the stock offering was conducted.

Meanwhile, the “new economy” has an “old economy” problem: male domination. Facebook’s board of directors consists of seven white men. It’s not the only tech company lacking female executives. If these are the companies of the future and the next generation of leaders, where are the women?

And Rana Foroohar with Time and Joe Nocera with The New York Times run down what they’re watching to make news in the weeks ahead: a possible Greek exit from the eurozone and dissent at the Wal-Mart board meeting.

Hosted by:

Jeff Greenfield

Contributors:

Rana Foroohar and Joe Nocera
News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Comments [3]

Kenneth Bennett Lane, Lake Hiawatha, NJ from Richard Wagner Music Drama Institute, Boonton, NJ

FACEBOOK, FACE IT TH4E PUBLIC IS FED UP WITH THE MANIPULATIONS, THE DECEIT !!!We live in a world where money may buy the presidency of the USA, where nations observe bestiality and mass killings of innocents, but are afraid that their trade relations might suffer if they intercede. What may yet save still greater calamities is the sophisticated technologies that enable people to reach out to others worldwide to alarm others of all sorts of misconduct. YAHOO, like its competitors, will always need to repair their image and to offer what the public requires. My own background and activities have been somewhat marginalized by the commercial interests that seek to foster their own projects and to limit the cultural achievements from being known to the young in particular and to make the major cultural institutions fight amongst themselves for any financial support. In this respect Germany, Austria and the Scandinavian countries value far more their own heritage than "we" do our own. WAKE UP AMERICA and salvage our possibilities for artistic growth and recognition. I am a Wagnerian heldentenor and the director of the Richard Wagner Music Drama Institute, where professional actors are trained for the Shakespeare roles and big-voiced singers are coached in the Wagner roles and voice production and dramaturgy techniques. My next concert in New York will be on Saturday, June 9th at the YOGA EXPO at the New Yorker Hotel . The title of the concert is 'BRING HIM HOME, with that song from the musical LES MISERABLES, encouraging the return of our armed forces and inspiring hope and love of country with This Land is Your Land, The House I Live In, Climb Every Mountain, You'll Never Walk Alone, The Impossible Dream [the Quest], Granada, Wien, Wien, nur du allein, Kumbaya, Billy Bigelow's Soliloquy from Carousel, New York, New Yprk, There's No Business Like Show Business, Empty Chairs at Empty Tables, Do You Hear the People Sing?, When Johnny Comes Marching Home Again, Memory, Music of the Night, Dein ist mein ganzes Herz, Donkey Serenade, and Earth Anthem.

Jun. 01 2012 07:28 AM
Jim from England

"If these are the companies of the future and the next generation of leaders, where are the women?"

Good question. Where are the women founding companies such as Facebook?

May. 25 2012 08:14 PM
Ann Dogar

Great take on Facebook, Rana.

May. 25 2012 10:30 AM

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.