da: The Wall Street Journal
Most everyone in Silicon Valley and on Wall Street agrees: The eventual IPO of social-networking site Facebook could make its founder the world’s richest twenty-something.
Yet Chief Executive Mark Zuckerberg, now 25, seems intent on deferring that multibillion dollar payday.
He’s huddled with executives like Intel CEO Paul Otellini and Oracle Corp. President Charles Phillips—the goal being to extract wisdom about how to better run his independent company. He set up a dual-class voting structure that would make him less beholden to any public shareholders. And last year, when staffers began itching for richer rewards, he devised a way for them to cash in some of their Facebook stock—without pushing the IPO button. “We’re going to go public eventually, because that’s the contract that we have with our investors and our employees,” Mr. Zuckerberg said during a recent interview. But, he added, “we are definitely in no rush.”
Despite hopes in the investment community that Facebook could herald a revival in the Silicon Valley IPO market, Mr. Zuckerberg has made it clear that he…