It turns out Sir Richard Branson thinks Facebook Inc (NASDAQ:FB)’s benefit for women who choose to freeze their eggs is cool.
The comment was made by the founder of the Virgin Group in an interview with Emily Chang on Bloomberg in which Facebook Inc (NASDAQ:FB) Chief Operating Officer Sheryl Sandberg was also present.
“I think it’s a fantastic idea,” the billionaire said, joking that it is so good that he want to steal it and implement it inside his companies. “It’s interesting somebody said to me they got criticism for it. How can anybody criticize them for doing that? [It’s] women’s choice. If they want to carry on working, they can carry on working. If they haven’t managed to find the man of their dreams at 35, 36, 37, 38, freeze the eggs. It makes sense. The earlier you can freeze them the better. My daughter just had two wonderful twins from eggs and they wouldn’t be there today if it wasn’t for the eggs.”
Meanwhile, according to the Facebook Inc (NASDAQ:FB) COO, the world’s largest social network offers “really generous” benefits for all life stages.
“We don’t just try to follow the market, we try to follow our employees so we offer four months of maternity and paternity leave. You can take it any time during the first year. We give you cash when you have a baby whether you adopt or give birth,” Sandberg tells Chang.
The Facebook Inc (NASDAQ:FB) executive goes on to tell Branson and Chang how the egg-freezing benefit came to be. She says that it was started when a young woman working for the social network got cancer. She says the employee went to her and told her that she would be undergoing the treatment.
However, the employee said that the cancer treatment will make her unable to have babies unless she can freeze her eggs which was not possible at the time due to her lacking money.
Sandberg says that she talked to the people who manage health at the company and they agreed that they should cover egg freezing as a company benefit. However, she says that they also thought they should not only cover this for cancer patients but for all women employees who choose to undergo such a procedure.
Steve Cohen’s Point72 Asset Management owned about 2.35 million Facebook Inc (NASDAQ:FB) shares by the end of the December quarter, a 524% increase quarter over quarter.
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