Quote from peilthetraveler:
2 years ago he pledged to give 100 million to some school in NJ. His CEO gig pays 1.7 million per year. How is he going to pay that promise if he doesnt sell stock? I didn't say he was motivated by "more" money, just keeping the money he already has. After all, he has lost almost half his net worth ($8 billion dollars) in just 6 months. You would think that at harvard they teach you not to put all your eggs in one basket.
You are assuming FB wont turn around.
You are assuming 1 Billion in cash is not enough.
You are assuming he cares more about preservation of capital than his co.