today's Pick
Facebook CEO Zuckerberg 'likes' lower salary
Publish Date: Apr 01, 2014
Facebook CEO Zuckerberg 'likes' lower salary
Facebook CEO Mark Zuckerberg delivers a keynote address during a Facebook conference. CREDIT/AFP (Source: Getty Images)
  • mail
  • img
newvision

NEW YORK - Facebook CEO and cofounder Mark Zuckerberg's salary was down last year, but don't cry for him. He'll be OK.

In fact, the megawealthy Facebook boss was just following the CEO salary downsizing trend for some industry heavyweights, such as Google.

The social networking site paid him a salary of $1 last year, stock market documents showed Monday.

The same documents, released ahead of the company annual meeting, showed Zuckerberg's full compensation last year hit $653,165, down from $1.99 million in 2012.

Most of that was from personal trips in private jets paid for by the company because they are seen as justified for safety reasons.

And Zuckerberg did not net a bonus or stock options last year.

But don't fret about that lonely dollar. Zuckerberg reaped $3.3 billion just last year from exercising stock options.

He is still the leading shareholder in the business he started in his college dorm room, with a fortune of $26.7 billion, according to Forbes.

AFP

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Chinese court jails man for growing beard
A court in China''s mainly Muslim Xinjiang region has sentenced a man to six years in prison for "provoking trouble" and growing a beard....
Air Canada plane crash lands at airport
Twenty-three people were injured when an Air Canada jet struck an antenna and crash landed as it attempted to touch down....
Food poisoning sickens over 600 villagers
More than 600 Cambodian villagers, mostly school children, fell ill after eating contaminated food provided to a school during an anti-child labour event....
Police investigate death threats to BBC boss
British police were on Sunday investigating death threats against BBC director-general Tony Hall following his decision to popular "Top Gear" presenter Jeremy Clarkson....
Spacecraft docks at ISS for year-long mission
A Russian Soyuz spacecraft with three crew on board has successfully docked at the International Space Station....
Inspector General of Police (IGP), Gen. Kale Kayihura has called for calm following reports of a planned terrorist attack on Kampala....
Should police arrest parents who do not take their children to school?
Yes
No
Can't Say
follow us
subscribe to our news letter