Photo of the Day: Mark Zuckerberg’s Hoodie Takes NYC By Storm
(CNN) — Facebook has raked in billions and will make a splash when its stock hits the open market next week. So, what are folks on Wall Street concerned about? Mark Zuckerberg’s hoodie, apparently. Michael Pachter, an analyst for Wedbush Securities, told Bloomberg that the Facebook CEO’s decision to show up for a meeting with potential investors dressed down in his trademark casual outerwear suggests that he’s too immature to run a massive corporation. “He’s actually showing investors he doesn’t care that much; he’s going to be him,” Pachter said in an interview on Bloomberg TV. “I think that’s a mark of immaturity. “I think that he has to realize he’s bringing investors in as a new constituency right now, and I think he’s got to show them the respect that they deserve because he’s asking them for their money.” If nothing else, Pachter’s take (and he still thinks Facebook is a solid investment) reinforces the inevitable culture clash that occurs when a 27-year-old titan of California’s freewheeling startup culture meets the buttoned-down world of Wall Street. It’s not a new phenomenon: Zuckerberg is known for his ever-present T-shirt and sandals, and in Facebook’s early days, he once showed up more »
