Money: Two top Facebook executives depart the company - PressFrom - Canada
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MoneyTwo top Facebook executives depart the company

22:20  14 march  2019
22:20  14 march  2019 Source:   msn.com

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SAN FRANCISCO — Facebook says two of its top executives are leaving the company. Chief Product Officer Chris Cox and Chris Daniels, who heads messaging app WhatsApp, are departing. It isn't clear what future plans the executives have.

Cox was in charge of Facebook's apps including its flagship social media site, as well as Instagram, WhatsApp and Messenger. He joined 13 years ago and helped create Facebook's News Feed feature.

Facebook will not appoint a direct replacement for Cox. Longtime Facebook executive Will Cathcart will head up WhatsApp.

CEO Mark Zuckerberg reiterated that the company is organizing around a "privacy-focused" emphasis on private messaging, which he announced last week.

Founding executives of Facebook-owned Instagram and WhatsApp have also recently left the company.

Google approved $45 million exit package for executive accused of misconduct.
SAN FRANCISCO—Alphabet’s board of directors agreed to pay a former top Google executive as much as $45 million when he resigned from the company in 2016 after being accused of groping a subordinate. The previously undisclosed sum was in the separation agreement for Amit Singhal, a senior vice president who ran Google’s search operations until February 2016. The amount was revealed Monday in a shareholder lawsuit accusing the board of directors of Alphabet, the parent of Google, of shirking their responsibilities by agreeing to pay executives accused of misconduct instead of firing them for cause.

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