Maximizing Privacy while Minimizing Offense on Facebook
Enhanced Transcript:
Just like the human brain – most people only use Facebook to about 10% of its capacity. Facebook has a lot of features that allow you to filter information that, as you say, maximizes privacy while minimizing offense. Let me give you a couple of tips here and a link to a lot more information.
Create a few categories of friends. You do this by clicking on your Friends tab and then selecting “All Friends.” Once there you will see “Create New List”
Personally, I have created three types of “friends” – Family, Professional and Social. I don’t really want anything more complicated than that.
Next, go to your settings tab in they upper right. Once there select privacy.
Friend Lists can have specific privacy policies applied to them. Most of the functions you want will reside in your Profile. This is where you can control what others see and where you can ensure photos from your “private” life won’t be visible to your professional colleagues (see big disclaimer at the bottom of this).
If you want to have more personal relationships only on Facebook – it is simple to remove yourself from search results. 
This may help avoid the dreaded request that comes from your boss…
All of this being said, almost every change you make will not be visible to the other party – meaning you are not going to offend anyone.
How you set up your Facebook account has a lot to do with how you use it and how much privacy you need – Just remember, there is no substitute for exercising discrtion and never posting things that you don’t want to go public. You never know….
Here are a few links to some great tutorials on how to achieve this and more (in total they are a bit redundant):
How to Use Facebook Privacy Settings
10 Privacy Settings Every Facebook User Should Know
Group Privacy Settings on Facebook
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