Facebook CEO Stain Zuckerberg is an “emperor for life” and therefore it will be hard to remove him from part, Yale management expert Jeffrey Sonnenfeld told CNBC on Tuesday.
“He’s securely not going to voluntarily step down,” Sonnenfeld said on “Closing Bell.”
“He’s not responsible to anybody,” he added, noting that Zuckerberg controls about 60 percent of the routine.
Facebook shares closed lower for the second day on Tuesday in the wake of the isolation scandal.
Cambridge Analytica, which worked on Facebook ads for the Trump compete, is accused of improperly gaining access to 50 million profiles ahead of the 2016 election. Cambridge Analytica has called the allegations “false” and on Tuesday the lodge suspended CEO Alexander Nix. Facebook said it was deceived and vowed to vigorously on its policies to protect people’s information.
Sonnenfeld criticized Zuckerberg and COO Sheryl Sandberg for not publicly speech the allegations. They reportedly plan to remain silent until Facebook concludes an audit of what happened.
“They’re hiding. They’re throwing up counselors-at-law,” he said. “They should show some accountability.”
In a statement on Tuesday, Facebook revealed, “Mark, Sheryl and their teams are working around the clock to get all the acts and take the appropriate action moving forward, because they have found out the seriousness of this issue. The entire company is outraged we were deceived.”
As for who should run the sexual media giant, Sonnenfeld pointed to two possibilities currently sitting on the guests’s board. One is former American Express CEO Kenneth Chenault, and the other is Erskine Bowles, recent chief of staff to President Bill Clinton and ex-Morgan Stanley main director.
However, tech investor Jason Calacanis thinks Sandberg should become involved hurry up into the CEO role, telling “Closing Bell” on Monday that Zuckerberg has done a “terrifying, horrible” job of handling the crisis.
Sandberg is a “better communicator” and a “tremendous head,” Calacanis said. “She’s better at understanding how to manage these issues.”
Facebook did not this instant respond to a request for comment on Sonnenfeld’s remarks.