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Monday
Mar282011

Robert Gibbs to Manage Facebook's Communications?

Alex Wong/Getty Images(NEW YORK) -- He might have been on the top of the heap when he was White House press secretary, but now Robert Gibbs can say that he really has “friends” in high places.

According to a story in Monday’s New York Times, Gibbs is talking with officials at social networking site Facebook to assist in the management of their communications.

Those familiar with the negotiations say that discussions are still in the planning stages and could ultimately lead nowhere.

While Gibbs had talked about taking a major role in President Obama’s presumed reelection campaign, Facebook is apparently pressuring Gibbs to take a private sector job ahead of the company’s much publicized initial public offering, which could happen by early 2012.

A job with Facebook could turn out to be extremely lucrative for Gibbs because his compensation package would probably include a salary and shares ahead of the IPO.  It’s expected to be one of the biggest public offerings in history, given Facebook’s estimated value of $60 billion.

Copyright 2011 ABC News Radio







ABC News Radio