About this episode
<p>Susan Li of Meta—the youngest chief financial officer of a Fortune 100 company—joins John Collison to talk about capital allocation, managing investors, and how Mark Zuckerberg has changed over the 17 years of working together.</p><p>Full episode transcript</p><p><a href="https://cheekypint.transistor.fm/2/transcript">https://cheekypint.transistor.fm/2/transcript</a></p><p><br>Timestamps</p><p>(00:00) Intro</p><p>(01:20) Early education and career</p><p>(02:15) Lessons from Michael Grimes at Morgan Stanley</p><p>(03:12) Leadership traits and succession planning at Meta</p><p>(06:05) Mark Zuckerberg’s leadership and culture of feedback</p><p>(09:06) Financial forecasting and capital allocation</p><p>(14:18) ROI on Meta’s portfolio of bets</p><p>(15:05) Investor sentiment in 2022</p><p>(17:49) The story behind the “free cash flow” hats</p><p>(18:58) CapEx trends in the AI era</p><p>(21:48) A memorable earnings call</p><p>(24:16) Challenges of allocating compute vs headcount budgets </p><p>(26:55) AI’s impact on productivity and operations</p>