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CEO Mark Zuckerberg insists he's still the best person to run Facebook, despite all the company's scandals.
This week, a bombshell new report dropped about how company execs tried to downplay issues and smear critics.
Conference - Call - Reporters - Zuckerberg - Facebook
In a damage-control conference call with reporters, Zuckerberg insisted that fixing Facebook's problems will take time.
"I don't think that me or anyone else could come in and snap our fingers and have these issues resolved in a quarter or half a year," he said.
Facebook - Stock - Structure - Zuckerberg - Company
Because of Facebook's unconventional stock structure, Zuckerberg dominates the company, and no-one else can force him out.
Mark Zuckerberg still thinks he's the best person to run Facebook.
Wednesday - New - York - Times - Bombshell
On Wednesday, The New York Times published a bombshell report into how Facebook's leadership attempted to manage mounting scandals by playing down problems and trying to smear critics — and it's just the latest in a long line of crises for the beleaguered social network.
The company leapt into damage control mode, and on Thursday morning held a mammoth 80-minute conference call with reporters in which Zuckerberg attempted to defend the company yet again.
Billionaire - Techie - Calls - CEO— - Business
The 34-year-old billionaire techie has ignored previous calls to step down as CEO— so Business Insider asked him why he thinks he's still the best person for the job.
"I think we're doing the right things to fix the issues. I think, unfortunately, when you're building something of this scale, oftentimes, putting in place the solutions can take a long time," Zuckerberg said. "And I don't think that me or anyone else could come in and snap our fingers and have these issues resolved in a quarter or half a year. This is not the first time that we've had to deal with big issues for the company."
Words - Facebook - Time - Company - Upheavals
In other words: Fixing Facebook takes time, and he's guided the company through past upheavals before — including its shift...
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