I don't have a problem with a [potential] employer being able to see my Facebook page. Damned if I'm gonna allow them administrative abilities to it though.
I would imagine you have to be pretty damn stupid to do something on the public side of your Facebook page to warrant not getting the job or losing it, like that guy who worked for the Philidelphia Eagles organization that went on his public Facebook page and trashed them/his job. You're begging to be fired when you do that.
I don't get how some people are stupid enough to think there is such thing as real internet anonymity, and that you can e-communicate without repercussion at any time in any place.
It's yet another example of people who think they have a right to anything and everything. You have no right to privacy on the internet. Period.