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

Scientific Games strikes $3.3B deal to buy Bally

48 minutes ago

Scientific Games plans to pay about $3.3 billion to buy Bally Technologies in a deal that would combine makers of gambling equipment ranging from slot machines to instant-win lottery games.

Tesla loss widens as it ramps up expansion plan

5 hours ago

US electric automaker Tesla Motors reported Thursday a widening loss in the past quarter amid record revenues as it ramped up plans for a giant battery plant for future vehicles.

Android grabs 85% of smartphone market

20 hours ago

Smartphones powered by the Android operating system captured 85 percent of the worldwide market in the second quarter, threatening to marginalize rival platforms, a new survey shows.

Chinese man brings gay conversion therapy lawsuit

Jul 31, 2014

(AP)—A gay Chinese man said Thursday he was suing a psychological clinic for carrying out electric shocks intended to turn him straight, as well as the search engine giant Baidu for advertising the center.

User comments : 0