• FACEBOOK CEO TURNS 28, IPO COULD BE $100B GIFT: NEW YORK (AP) — Don’t let the hoodie and sneakers fool you. Mark Zuckerberg is no wet-behind-the-ears CEO.
Facebook’s chief executive turns 28 today, setting in motion the social network’s biggest week ever. The company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday. The IPO could value Facebook at nearly $100 billion, making it worth more than such iconic companies as Disney, Ford and Kraft Foods.
At 28, Zuckerberg is exactly half the age of the average S&P 500 CEO, according to executive search firm Spencer Stuart. With eight years on the job, he’s logged more time as leader than the average CEO, whose tenure is a little more than seven years, according to Spencer Stuart. Even so, the pressures of running a public company will undoubtedly take some getting used to.
Young as he may seem —especially in that hooded sweatshirt— Zuckerberg will be about the same age as Michael Dell and older than Steve Jobs when those two took their companies, Dell Inc. and Apple Inc., public.
• 5 DIE AS RIVER BURSTS BANKS IN GEORGIA’S CAPITAL: TBILISI, Georgia (AP) — A flood killed five people in Georgia’s capital overnight after torrential rain caused the local river to burst its banks, officials said Sunday.
The Agency for Emergency Situations said that a mother with her two children, an elderly woman and an elderly man died in Tbilisi’s Ortachala neighborhood after the Kura River flooded Saturday night. All five were trapped in their homes and crushed when the buildings collapsed. One of the children was six months old; the other was five.
According to eyewitnesses, the water in some areas rose to 3 meters (10 feet) and lifted parked cars.
• MAN CHARGED IN DEATH OFFERS VICTIM’S FOOT FOR DEAL: ANDERSON, S.C. (AP) — A homeless man charged with killing and dismembering his friend says he can’t remember much about the crime.
But in a jailhouse interview, Leslie Sandoval told the Anderson Independent-Mail he remembers where he put the victim’s missing left foot and is willing to tell a prosecutor if she will make him a deal.
Sandoval says he went on a January drinking binge with Seth Foster. Foster’s torso was found under an Anderson home, and his head, hands and right foot were found different places.
Sandoval says he is confused about exactly what happened. But he disagrees with a coroner’s finding he beat Foster and denies a claim from investigators that he confessed and gave them the knife used to dismember Foster.