In a transfer unsurprising to these following Meta CEO Mark Zuckerberg’s political affiliations, the tech billionaire has added former Trump advisor Dina Powell McCormick to its board, additional cementing Zuckerberg’s alliance with the Republican president.
In accordance with Axios, which first reported McCormick’s placement, the transfer serves two functions: Meta’s board’s growth into extra world enterprise consultants and its makes an attempt to win political favor with the present administration. According to a Meta press release, McCormick spent 16 years in management roles at Goldman Sachs and is now the vice chair, president, and head of world consumer companies at BDT & MSD Companions.
She was President Donald Trump’s deputy nationwide safety adviser in 2017 and the assistant secretary of state for State Secretary Condoleezza Rice underneath President George W. Bush. McCormick’s husband is a Republican senator from Pennsylvania.
“I am excited to convey my expertise in finance, authorities, and financial growth to help the folks and entrepreneurs who use Meta’s companies,” McCormick stated in a press launch.
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In the identical press launch, Meta additionally introduced that Patrick Collison, the co-founder and CEO of Stripe who was once a part of Meta’s Advisory Group, will be part of the board.
“Patrick and Dina convey numerous expertise supporting companies and entrepreneurs to our board. Patrick is deeply dedicated to increasing financial alternative, and Dina has a protracted profession advocating for financial growth and supporting entrepreneurs. Their perspective will likely be extraordinarily worthwhile to companies that depend on our companies to develop,” Zuckerberg stated within the press launch.
That is a part of ongoing strikes that align Meta and Zuckerberg with the Trump administration, significantly as an ongoing antitrust fight heats up. Over the previous few months, Meta added UFC CEO and Trump ally Dana White, lifted prohibitions in opposition to some hate speech on its platforms, got rid of fact-checkers in favor of neighborhood notes, ended its DEI efforts, and more.
Zuckerberg and different tech executives attended Trump’s inauguration, dined at Mar-a-Lago on Thanksgiving Eve, and pledged $1 million to the occasion.
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