Keep the Power: Lessons From Mark Zuckerberg
He Settled Lawsuits
Cameron and Tyler Winklevoss, Zuckerberg's classmates at Harvard, claimed that they had the original idea for Facebook, and that Zuckerberg, whom they hired as a developer, ran off with the idea. In a much-publicized trial, Zuckerberg settled with the twins for $65 million in 2008. It didn't end there. The "Winklevii" claimed they were misled by the company's valuation, but the settlement was upheld by a federal appeals court. In June 2011, the twins announced they would halt their appeals, deciding not to bring the case to the Supreme Court. "We've considered this case closed for a long time, and we're pleased to see the other party now agrees," Facebook said in a statement.