Hoodie gate: Facebook CEO's attire a sign of 'immaturity'?

Financial analyst criticizes Zuckerberg for wearing a 'hoodie' at IPO road show presentation

By , Computerworld |  Business, Facebook, Mark Zuckerberg

Mark Zuckerberg

Facebook Inc. CEO Mark Zuckerberg is escorted by security guards as he departs New York City's Sheraton Hotel May 7, 2012. Facebook Inc kicked off its IPO roadshow in New York on Monday, attracting hundreds of investors to the Sheraton as the world's largest social network aims to raise about $10.6 billion, dwarfing the coming-out parties of tech companies like Google Inc and granting it a market value close to Amazon.com Inc's.

REUTERS/Eduardo Munoz

Of all the things discussed and analyzed surrounding Facebook's upcoming initial public offering, perhaps the most surprising -- or just plain funniest -- is co-founder Mark Zuckerberg's hoodie.

Facebook launched a pre-IPO roadshow this week, meeting with investors in New York, Boston and other cities to pitch the company's stock to potential investors.

Zuckerberg was on hand to talk to investors at the first roadshow stop in New York on Monday.

Facebook CEO Mark Zuckerberg, wearing his classic hoodie sweatshirt, leaves New York City's Sheraton Hotel on Monday after making an appearance at the social network's IPO roadshow. (Photo: Reuters / Eduardo Munoz)

The young CEO was criticized by some attendees for showing up to speak to some of the country's most influential and buttoned-down investors in jeans and a so-called "hoodie" sweatshirt. It was definitely not the suit and tie that the financial types are used to seeing corporate executives wear.

In a videotaped interview with Bloomberg News, Michael Pachter, managing director with Wedbush Securities, said Zuckerberg's decision to wear his "signature hoodie ... is actually showing investors he doesn't care very much."

"He's going to be him and he's going to do what he's always done. I think that's a mark of immaturity," Pachter added. "He's got to show [investors] the respect that they deserve because he's asking them for their money."

He said that Zuckerberg's seeming lack of respect for the process tells him that the CEO might not be perfectly suited for the CEO post in a company that's expected to complete one of the biggest IPOs in tech history.


Originally published on Computerworld |  Click here to read the original story.
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