The Two-Year Limit Has a Workaround According to Provisions in the SEC

Misinterpretation of SEC documents earlier – No two-year limit on Zuckerberg for Government – He can do both – Serve in the government indefinitely and still run Facebook

"The Two-Year Limit Has a Workaround According Provisions in The SEC"

The reports about a restriction of two years on Mark Zuckerberg serving as a government functionary while remaining with Facebook, which he founded, was a misinterpretation of the STATES SECURITIES AND EXCHANGE COMMISSION (SEC) documents.

Therefore, the apprehensions that had been circulating for a while that Mark Zuckerberg may have to quit Facebook to serve in the U.S. Government for an indefinite period of time has been laid to rest.

The question (Will Zuckerberg have to quit Facebook to serve in United States government?) has been answered with proper reference to the United States STATES SECURITIES AND EXCHANGE COMMISSION (SEC) documents.

A close and detailed scrutiny of the SEC documents by experts reveals that Zuckerberg has to fulfil only one of these two mandatory requirements below:

a. He needs to own enough Facebook stock – OR
b. Have the Facebook Board of Directors’ authorization (approval) to serve in the government

The third scenario would be to serve in the government for only two years should he fail or desist from meeting one of the two requirements for a life term government service – well, nobody would believe that Zuckerberg would be thrilled with the third option at his disposal.

In an earlier story on our website timelybuzz.com, titled “Mark Zuckerberg Builds AI Assistant for Home and Family” we had spoken about that particular achievement as one of his yearly resolves which he makes as a challenge to himself at the start of every year.

This is what he wrote on his Facebook post on Tuesday:

“Every year I take on a personal challenge to learn new things and grow outside of my work. In recent years, I’ve run 365 miles, built a simple AI for my home, read 25 books and learned Mandarin.

My personal challenge for 2017 is to have visited and met people in every state in the US by the end of the year.”

Now, the idea of resolving to meet people of every state in the U.S. in 2017 reflects his political ambitions, as interpreted by many.

Now, with the two-year-time-limit dilemma out of the way, is his FB post a not-so-subtle hint about his political dreams? Well, most speculate that it probably is!

The inadvertent, hopefully, misreporting or rather the misinterpretation of the SEC by publications such as Fortune, Vanity Fair, The Guardian, and TechCrunch may have risen from the court findings of the text messages exchanged between Zuckerberg and Andreessen.

The messages talk about a debate on the two-year limit with no mention of the other two, more feasible, alternatives available. TechCrunch, however, has acknowledged the discrepancy and issued a correction.

Coming back to Mark Zuckerberg’s political ambitions, the challenge he has set for himself to meet people from all states, “My work is about connecting the world and giving everyone a voice. I want to personally hear more of those voices this year.”

Sounds like a politically motivated challenge he has set for himself in 2017 – and why not? The United States is a free country and Mark Zuckerberg is no ordinary personality.

You can read Zuckerberg’s full post on Facebook, if you haven’t already, and judge for yourself.

As far as the writer’s opinion is concerned, and I am sure many would agree, it is not a bad idea at all to have a talent like Mark Zuckerberg in the government.

However, it’s not going to be an easy job to earn the faith of the people who still have the fake news scandal fresh in their minds – but Mark Zuckerberg has proved that he thrives on challenges and he has the talent and wherewithal to meet his 2017 resolution.

The massive philanthropy initiatives he has taken along with his wife Priscilla Chan and her foundation, the “Chan-Zuckerberg Initiative”, show that he has a genuine concern for people.

He has all the requisites to be as successful in government as he has been in his various ventures.

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