Hot news:
Caspian water delimitation agreement - a version of sea status Hobbit fans step into "Shadow of Mordor" video game Nazarbayev suggests creating Caspian free trade zone Brooklyn the shooting star in NY Michelin Guide 2015 US-India to collaborate on Mars exploration eBay split to create independent PayPal White House breach 'unacceptable': Secret Service chief EU keeps Russia sanctions as clashes resume in Ukraine No street secrets for fashion photographer Bill Cunningham Microsoft gives peek at coming Windows 10 software 'Canadian Psycho' trial takes photo tour of crime scene Hackers charged in software theft from US army, others L'Oreal suspends all business travel to Hong Kong: company New UN Ebola chief vows swift response to crisis Spain PM says open to debate on constitutional reform Caspian Sea is the sea of friendship and peace: Nazarbayev Turkey submits request to parliament for Syria, Iraq military action Kazakhstan’s Energy Minister on petrol shortages Modi makes White House debut Mexico probes disappearance of 57 students Nazarbayev speaks about Caspian logistics potential Caspian states agree third party military forces should stay away from the Sea Kazakh 21 yo violin player wins Rodolfo Lipizer Prize in Italy Kazakhstan to tramp on quasi-public sector Deaf baby boy hears for first time Golovkin voted as Mayweather's next opponent Putin calls Caspian countries to coordinate oil and gas prices Ukraine refuses cooperation with Russia in Ablyazov's case Nazarbayev calls Caspian Summit in Russia a breakthrough Hong Kong protests turn festive after tear gas chaos India seen holding rates to guard against inflation Fitch places Catalonia on rating watch negative following independence vote call Intruder ran deep into White House: report Kazakh doctors support methodone therapy inspite opposition Apple software update protects Macs from 'Bash' bug Reaction of Kazakhstanis to kidnapping tested Paris fashion says non to 'Normcore' Spanish court suspends Catalonia independence vote Mobile app spyware developer indicted on US charges IMF urges Zimbabwe to clarify foreign investment law Brazil gunman straps hostage with apparent explosives Prada goes for cover-up look over CEOs tax fraud probe Toyota recalls 690,000 pickups in US over fire risk Hungary bans US far-right group's 'racist' conference Turkey deploys tanks to border as lawmakers to consider anti-IS action Time for worldwide fund to save mangroves: UNEP Rising Rousseff ramps up Brazil election offensive Long Russia crisis could force EU energy rethink: Merkel Animated 'Boxtrolls' take US by storm Australia PM Abbott applauds FBI partnership Indonesian parliament to vote on controversial election plan Electronics giant Philips to split in historic move 'Friends' fans flock to New York pop-up cafe Russia could restrict airspace in sanctions battle: PM Philippine airport bomb plotters planned anti-China attacks: govt German jobless rate unchanged in August: data Galileo satellites not on right orbit: Arianespace Paris relives the joy of liberation, 70 years on US dominates Chinese world university rankings Jasmine and smoke: the allure of Greek summer cinemas Thousands mark Moon death anniversary in S. Korea India stray dogs to be part of security squad‎ Russia okays $150 mn to subsidise World Cup venues Tennis: Kazakhstani Zarina Diyas gets in WTA Top-100 Facebook wants to beam the Internet from the sky

Zuckerberg paid more than $2 bln at Facebook in 2012

Saturday, 27.04.2013, 11:15
Comments (0)
Zuckerberg paid more than $2 bln at Facebook in 2012
Facebook CEO Mark Zuckerberg. ©REUTERS/Robert Galbraith
Facebook co-founder and chief Mark Zuckerberg scored more than $2 billion worth of stock and $503,000 in base pay last year for running the world's leading social network, AFP reports.

Zuckerberg was also given bonuses that added up to slightly more than $266,000, according to a Facebook filing on Friday with the US Securities and Exchange Commission.

He received $1.22 million in "other compensation," more than half of which was said in the filing to involve the use of chartered aircraft for travel by Zuckerberg and guests as part of a "comprehensive security program."

Facebook provided US regulators a breakdown of executive compensation and other matters that will be topics at an annual meeting of shareholders set to take place on June 11.

"In the first quarter of 2012, the compensation committee decided to increase the base salaries of our executive officers, other than our CEO," Facebook said in the document.

"Accordingly, our compensation committee increased the base salary of each executive officer, other than our CEO, by $35,000 or $40,000."

Zuckerberg has served as chairman of the board at Facebook since the beginning of last year.

His base pay will remain the same this year, while chief operations officer Sheryl Sandberg's was raised to $340,000, according to the filing. Her bonus last year added up to $276,730, the paperwork indicated.

Sandberg was paid $321,000 last year, along with a bonus of $276,730 and about $25.6 million worth of stock awards, Facebook told the FTC.

Sandberg's bonus "reflected her leadership in growing our revenue year over year and her strategic guidance in various business matters," the filing said.

Zuckerberg exercised options to acquire 60 million shares of Facebook stock, which were valued at just shy of $2.28 billion, according to the SEC filing.

He holds 607,599,549 shares of Class B stock in Facebook and another 1,939,987 in Class A shares, the company said in the paperwork.

The SEC in March endorsed a Nasdaq exchange plan to create a $62 million pool of cash to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.

The huge electronic market's foul-up marred the $16 billion Facebook share issue in May, the most hotly awaited initial public offering on the US markets in years.

The stock hit a high of $45 on the first day, but slid below $18 in the following weeks. Facebook shares were trading at $26.85 at the Nasdaq close on Friday.
Views: 259    Comments: 0
preloader
Add a comment
preloader

2014
2008
2009
2010
2011
2012
2013
2014
October
January
February
March
April
May
June
July
August
September
October
November
December

News
Archive

Mo Tu We Th Fr Sa Su
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Feature stories

Поделиться:
Zuckerberg paid more than $2 bln at Facebook in 2012
http://en.tengrinews.kz/userdata/news_en/2013/news_18965/thumb_b/photo_27847.jpg
http://en.tengrinews.kz/markets/Zuckerberg-paid-more-than-2-bln-at-Facebook-in-2012--18965/