Facebook announced in a press release yesterday, the newest member of its Board of Directors, Erskine Bowles. Bowles will join the social networking powerhouse to work along with esteemed colleagues Marc Andreessen of Andreessen Horowitz; Jim Breyer of Accel Partners; Donald E. Graham, chairman and CEO of The Washington Post Company; Reed Hastings, chairman and CEO of Netflix; and Peter Thiel of Clarium Capital and Founders Fund.
Bowles has been successful in both business and politics. He recently led the University of North Carolina system as President. He also worked under U.S. President Bill Clinton. He was first appointed by Clinton in 1993 to head the Small Business Administration. He was later asked to be Chief of Staff in 1996. His business experience started at Morgan Stanley. From there, he went on to start several venture capital and financial firms. According to the press release, Bowles “has held important roles in government, academia and business which have given him insight into how to build organizations and navigate complex issues”.
It will be interesting to see what directions Facebook will take with the addition of its newest member. Perhaps there will be more focus on social networking’s role in education. It is already a well known fact that social networking can play a huge role in politics. Just look at the recent middle east uprisings and you will see evidence of that.
What if you were on Facebook’s board? What direction would you steer the social networking giant? Would you focus on going public, or would you focus on a more philanthropic goal? I would love to hear your thoughts. Please take a moment to comment in the form at the bottom of this article.