Facebook recently made a statement that former White House chief-of-staff Erskine Bowles has joined its board of directors. Bowles was recently appointed as the co-chair of President Obama’s National Commission on Fiscal Responsibility and Reform in 2010.
Together with his co-worker Alan Simpson, a former Republican senator from Wyoming, he had released a proposal to greatly reduce government spending which called forth a lot of criticism from the Democrats. Another blow from the Democratic Party: He ran unsuccessfully for the U.S. Senate in 2002 and 2004 on the Democratic ticket.
Also a former president of the 17-campus University of North Carolina (2006 to 2010) and a former chief of staff to President Bill Clinton (1996 to 1998), Bowles serves on the boards of several other companies, including Morgan Stanley, Cousins Properties Inc., Norfolk Southern Corp. and Belk Inc.
His appointment expands Facebook’s board to seven members.”Erskine has held important roles in government, academia and business which have given him insight into how to build organizations and navigate complex issues,” Mark Zuckerberg, founder and CEO of Facebook, said in a statement.
“Along with his experience founding companies, this will be very valuable as we continue building new things to help make the world more open and connected.” Reuters reported on Wednesday that the company, which is expected to go public at some point next year, doubled its revenue to $1.6 billion in 2011′s first half.” Facebook has clearly emerged as a transformative force in the world,” Bowles said.”
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