Mark Zuckerberg Failed In His Duty To Facebook Members

Mark Zuckerberg’s negligence violated masses in ways that arguably should expose corporate managers to criminal prosecution. Calling for someone to be locked up in these strange times is not done lightly. 

Hpwever, recklessly treating data of Facebook users like a commodity diminished us all and squandered the trust of Facebook members, and Mark did it over and over again. Facebook's success meant that Mark's decisions caused grave harm to Americans, as well as to the nation’s reputation as a good steward in the real and virtual world.

 

I don’t know Mark and can only assume he started out with the best of intentions. Who knows how he lost his moral compass? I do know, as someone responsible for doing what’s best for a relatively small group of consumers in an online community, Mark failed his duty to Facebook’s members. He owed the community better.  

 

Admittedly, Mark has done great work and good deeds, but his wanton negligence repeatedly crossed a line that CEOs of public companies should never break. In 2012, after the financial crisis, I bemoaned that no CEOs went to jail for causing the mortgage debt crisis.  "We won’t clean up the crooked capital markets that caused the mortgage crisis and allowed Wall Street to get away with robbery until we hold people accountable for their actions."  Mark's not the first CEO to behave like a crook and get away with no jail time, but that's a mistake.   

 

Even if it’s just for a month or 90 days in a cell, Mark Zuckerberg should be punished for violating us all, for robbing the Internet and selling us out instead of taking the high road, repeatedly. 

 

I use LinkedIn and Twitter but the personal nature of Facebook imposes different boundaries. Every click recorded by Facebook tells them my most personal thoughts and political views, and I don’t want them knowing anything about me because Mark Zuckerberg is a repeat offender in violating the public trust. Mark knew better, but failed in his responsibility to do something about it, to be the leader he promised to be.  

 

I'm loathe to judge anyone so harshly but not speaking up has nagged at my conscience for years.     

 

Let’s Make This Easy

 

We’re for you if you’re a fiduciary who:

--  relies on economic fundamentals

--  broadly diversifies a core of portfolios in low-expense funds and ETFs

--  strategically invests based on MPT

--  offers tax and financial planning advice

--  values thought leadership when bad news breaks 

--  likes the work of Fritz Meyer, Craig Israelsen, Bob Keebler or Andy Gluck

 

A4A courses accredited by the CFP Board, IWI, and NASBA power a special brand of independent financial advice. We also leverage the Web to benefit of consumers as well as fiduciaries enrolled in our classes.

 

JOIN