Facebook discloses details on bonuses

Feb 09, 2012

Facebook's top executives, including CEO Mark Zuckerberg, are eligible for twice-a-year bonuses of up to 45 percent of their base salaries and other earnings, according to a Wednesday regulatory filing.

Facebook Inc. said in a filing with the that it will pay Zuckerberg, 27, a base salary of $500,000 per year. Zuckerberg's 45 percent target bonus will be based on his performance.

Chief Operating Officer Sheryl Sandberg will receive a base salary of $300,000. Her target bonus is also 45 percent.

David Ebersman will continue to serve as chief financial officer and he will get a base salary of $300,000.

Mike Schroepfer, Facebook's vice president of engineering, will receive a base salary of $275,000. Both he and Ebersman have a target bonus of 45 percent.

That said, the bulk of the windfall Zuckerberg and others will earn will be in the form of Facebook stock they own. The company said last week it plans to raise $5 billion in its IPO. If all goes as planned, could be worth as much as $100 billion.

Another executive, Vice President and General Counsel Theodore Ullyot, will receive a base salary of $275,000, according to the filing. He will also get a retention bonus of $400,000 per year for five years, as well as and stock options.

Explore further: Out-of-patience investors sell off Amazon

1 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Top Facebook executives surpassed Zuckerberg in pay

Feb 02, 2012

Facebook's chief operating officer made more than $30.5 million last year, more than 20 times what founder Mark Zuckerberg earned as the CEO of the social networking giant, company IPO filings Wednesday showed.

Apple CEO Tim Cook could top pay list in 2011

Jan 10, 2012

(AP) -- Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before co-founder Steve Jobs died.

$13.2 mn for Apotheker, $1 pay for Whitman at HP

Sep 29, 2011

Ousted Hewlett-Packard chief executive Leo Apotheker is leaving with compensation worth at least $13.2 million while his successor, Meg Whitman, will receive an annual salary of $1.

Comcast CEO's 2010 pay package valued at $31.1M

Apr 01, 2011

(AP) -- Brian Roberts, the CEO of cable company Comcast Corp., received a compensation package valued at $31.1 million in 2010, up 14 percent from a year earlier as the company worked to complete a deal to become the majority ...

Oracle plans to give Hurd $950,000 annual salary

Sep 08, 2010

(AP) -- Oracle Corp. plans to pay newly appointed co-President Mark Hurd a base salary of $950,000 annually and said the ousted Hewlett-Packard Co. CEO is eligible for a target bonus of $5 million in the ...

Recommended for you

Out-of-patience investors sell off Amazon

7 hours ago

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

States ascend into the cloud

13 hours ago

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Microsoft drops Nokia name from smartphones

15 hours ago

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division.

Amazon's loss makes holidays a question mark

16 hours ago

Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

User comments : 0