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Facebook Board Backs Sheryl Sandberg's management of research to investor George Soros

Facebook has confirmed that Sheryl Sandberg sent an email to his staff in January and asked if George Soros has…

 Facebook has confirmed that Sheryl Sandberg sent an email to his staff in January and asked if George Soros has shortened the company's share after calling the internet

Facebook has confirmed that Sheryl Sandberg sent an email to his staff in January and asked if George Soros has shortened the company’s share after he called the internet “monopoly” a “threat” during a speech.


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Board said it was “perfectly appropriate” for Sheryl Sandberg, corporate governor, to ask if George Soros had shortened the company’s stock. After billionaire investors, the social media giant called a “hot “.

The letter of the board was sent by Facebook Secretary General Colin Stretch to Patrick Gaspard, chairman of Soros Open Society Foundations, earlier Wednesday.

“To be clear, Sandberg’s question was perfectly appropriate given her role as COO,” Stretch wrote. “When a well-known and outspoken investor attacks your business in public, it is fair and appropriate to make this level of diligence.”

Mr. Gaspard has been among those who have criticized or questioned Sandberg’s handling of the case.

On Tuesday, Mr.. Gaspard published a letter to Facebook’s board on Twitter and said that Sandberg misled him in a private phone call saying she did not know about company-inspired opposition research to Soros by Definers Public Affairs, a consulting company like Facebook’s task to review detractors .

Facebook has confirmed that Sandberg sent an email to his staff in January and asked if Soros has shortened the company’s share after the liberal philanthropist called the internet “monopoly” a “threat” in a speech at the World Economic Forum.

On Wednesday, Mr. Stretch that Mrs Sandberg was truthful about her knowledge of Definer’s work in Soros.

“She told the truth that she had not known about the work done by the defined PR company in connection with Mr. Soros,” Stretch wrote.

Facebook officials had already asked Defers to look at Mr. Soros before Ms Sandberg sent his mail that Soros had shortened the stock, according to a Facebook spokesman.

Write to Deepa Seetharaman at [email protected]

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