Hot news:
Groundbreaking crop yielding technology: Kazakhstani scientists Sharm el-Sheikh - Almaty direct flights to open in summer 2014 Kazakhstan to subsidize agro-industry The Spirit of Tengri: taste of world ethnic music in Almaty Samsung Galaxy explodes in child's pocket in Kazakhstan Nazarbayev kickstarts construction of EXPO-2017 venue Condition of derailed train victims is satisfactory: Head Surgeon Kadyrov Three foreigners dead at Kabul hospital as guard opens fire Population of Kazakhstan's south to outnumber north four times Almaty avenue among world's most expensive streets Caspian Five to limit third party military forces in the region F1 boss Ecclestone's bribery trial starts in Germany All orphanages to close down in Kazakhstan Britain's Camilla 'devastated' by brother's death in fall Oscar winner Nyong'o named People's most beautiful Abe, Obama affirm Japan-US alliance at summit Strong 6.6 earthquake strikes off Canada's Vancouver island: USGS Saudi prince killed endangered birds France to send fighter jets for NATO Baltics patrols Apple splitting stock as iPhone sales soar US actress Jodie Foster marries girlfriend China frees Japan ship after $28 mn paid Three students killed by wall collapse in Portugal Canadian woman's letter arrives -- after 45-year delay Peru probes killing of endangered penguins Brazil passes trailblazing Internet privacy law Head of NCOC, Kashagan operating company, to resign Kazakhstan considering grain terminals along its borders on Turkmenistan and Iran Kazakhstan’s revenues for grain exports in 2013 exceed $1 billion 60% of Kazakhstanis support Russia on Ukrainian crisis Kazakhstan to launch its first ever remote sensing satellite from Kourou April 29 Repatriated Kazakhs to get Kazakhstan citizenship in 1 year Kazakh father of Boston prisoner granted US Visa Philippines' oldest artworks in danger of disappearing 60% of China underground water polluted Village turns into island in Kazakh steppe Kazakhstan is very concerned over Ukraine: Tokayev Kazakhstani writer Ilya Odegov wins Russian Award UK woman held for murder after children's bodies found Russia expels Canadian diplomat Judge's order on CIA secret prisons released in full UK revokes Ablyazov's refugee status US sending 600 troops to Poland, Baltics for drills Pentagon scientists show off life-size robot Brazil ex-leader Kubitschek was not murdered Fifty years of Mustang cool: is China along for the ride? Australia boosts air power with $11.6bn purchase of 58 F-35s Small French park becomes home for desperate Syrian families Balkhash lake named best place for nuclear power plant in Kazakhstan Pirates kidnap three on Singapore tanker off Malaysia Vienna's Versailles offers imperial hideaway Oscar show producers to return in 2015 Sri Lanka detains British tourist over Buddha tattoo GSK, Novartis unveil major healthcare revamp Death toll in South Korea ferry disaster crosses 100 Teen survives five-hour flight in airplane wheel well British corruption of minors case hearing in Uralsk postponed for one month Boston prisoners' legal proceedings may be postponed: Stall Full-scaled resumption of crude production at Kashagan expected at the end of 2015 Military parade due on May 7 in Astana Brunei delays introduction of tough Islamic law Kazakhstan movie in Cannes Festival programme Hitler, Kazakhstan and editorial struggle Passenger train derailed in Kazakhstan's west, 44 injured Biden meets Ukraine leaders as Russia, US swap blame on crumbling deal China's Shandong Airlines orders 50 Boeing planes for $4.6 bn South Korea says North may be close to nuclear test Kazakh chess princess Zhansaya Abdumalik takes 3rd place at Asia Continental Almaty Marathon raises $55 thousand for charity Juicy court case leaves Coca-Cola on defensive Formula One boss faces bribery charges in German trial Police arrest 250, seize weapons in Argentina Gladiators, horsemen help fete Rome's 2,767th birthday Powdered alcohol poised to hit US stores UN evacuates 100 Muslims from C. Africa capital Canadians rally to legalize marijuana Step aboard Orient Express for journey back in time Guides, climbers cancel Everest expeditions after tragedy Queen Elizabeth portrait released to mark 88th birthday President says ferry crew's actions 'tantamount to murder' Most Bangladesh factory survivors still too sick to work Tennis: Kazakhstani Zarina Diyas gets in WTA Top-100 Facebook wants to beam the Internet from the sky US judge dismisses Tarantino lawsuit against website Aspirin halves colon cancer risk -- if you have certain gene Hello Kitty mayhem returns to Singapore Obama says Russia not abiding by deal on Ukraine

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
April
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

Feature stories