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Facebook Should Hire Microsoft’s Smith as CEO, Stamos Says

May 21, 2019, 8:38 PM

Facebook Inc. should hire a new chief executive officer and get rid of stock-based compensation, according to the company’s former chief security officer.

Breaking up Facebook into smaller parts, as some detractors have proposed, would help address competitive issues but won’t fix the underlying cultural flaws that led to concerns about disinformation and privacy, Alex Stamos, now a professor at Stanford University, told the Collision technology conference in Toronto Tuesday.

“There is a legitimate argument that he has too much power,” Stamos said, referring to Mark Zuckerberg, who is Facebook’s CEO and chairman. “He should hire a new CEO who ...