Here’s today’s Facebook bankshot: If Sheryl Sandberg becomes a billionaire today, and has already said she in effect would like to save the world, will her next move be to Washington in a high position in the Obama administration.
A protege of former Treasury Secretary Lawrence Summers, Sandberg, the chief operating officer for Facebook, could be a ready replacement for the current Treasury Secretary Timothy Geithner, who has said he will leave his post after the November election.
Sandberg may reveal at least some of her outlook on the future on May 23, when she is scheduled to be the commencement speaker at the Harvard Business School.
Sandberg, 42, was lured to Facebook from Google in 2008. She owns 27 million shares, including 25 million restricted stock units that have vested. So that alone will be worth more than $1 billion if the stock merely stays at the $38 a share price from last night when trading begins. Add to that another 14 million unvested shares, and as former Senator Everett Dirksen said so well, that’s real money.