Mark Zuckerberg Remains the Undisputed Boss at Facebook
Since the moment he dropped out of Harvard University, Mark Zuckerberg has stayed remarkably focused on two things: Facebook, and being the boss of Facebook.
Early on he was persuaded of the vast potential of the social network he built in his dorm room, say friends, investors and detractors. He pushed his team to be fast and take risks. He resisted efforts to change the way Facebook looked and worked, even if, in the beginning, it meant giving up revenue.
Most important, he arranged the ownership of Facebook so as to give himself extraordinary power to steer the company. By the time Facebook filed for a $5 [...]
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Reporting was contributed by Evelyn M. Rusli, Quentin Hardy, Nicole Perlroth and Nick Wingfield.
He's done well thus far. No reason a public stock offering should have a significant effect on how it runs; it hasn't hurt Google. 'Going corporate' would be a different matter, but Zuckerberg built Facebook as a corporation from the get-go, just one meant to fulfill a personal vision. An IPO is just bound to happen at some point in the life of any hugely successful business. (I mean, one *can* refuse to let it happen, but doing so tends to put a cap on spending that means certain endeavors will be harder to pursue.)
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