Facebook CEO Zuckerberg joins $1 salary club

April 1, 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 discloses details on bonuses

Related Stories

Facebook discloses details on bonuses

February 9, 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

February 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

How to curb emissions? Put a price on carbon

September 3, 2015

Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.

Customizing 3-D printing

September 3, 2015

The technology behind 3-D printing is growing more and more common, but the ability to create designs for it is not. Any but the simplest designs require expertise with computer-aided design (CAD) applications, and even for ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.