Facebook CEO Zuckerberg joins $1 salary club

Apr 01, 2014
Facebook CEO and cofounder Mark Zuckerberg speaks at the Mobile World Congress in Barcelona on February 24, 2014

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 .

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.

Explore further: Facebook CEO reaps $3.3B gain from stock options (Update)

add to favorites email to friend print save as pdf

Related Stories

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.

Zuckerberg tops US donations with $1 bn

Feb 10, 2014

Facebook founder and CEO Mark Zuckerberg was America's most generous donor in 2013, giving nearly $1 billion of his fortune to charity, according to a magazine report on Monday.

Recommended for you

AOL to feed more video, news to Microsoft's MSN

3 hours ago

AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.

Microsoft to tap $2-trillion Indian cloud market

8 hours ago

Microsoft announced plans Tuesday to offer its commercial cloud services from Indian data centres as it seeks to tap what it calls a $2-trillion market in the country where Internet use is growing rapidly.

User comments : 0