Facebook Co-Founder and CEO Mark Zuckerberg is receiving a base salary of just $1 for 2013, but he won’t be clipping coupons anytime soon, as he still finished atop the 2013 CEO Pay Survey from independent researcher GMI Ratings.
Facebook came in at No. 9 on the 2013 list of the 25 highest-paying companies for software engineers from social jobs and career community Glassdoor, after placing second on Glassdoor’s 2012 list, which included only tech companies.
Facebook To Hold Non-Binding Shareholder Advisory Votes On Executives’ Compensation Every Three Years
Facebook confirmed in a Form 8-K/A filing with the Securities and Exchange Commission Wednesday that, as voted on at its annual meeting in June, the company will hold non-binding advisory votes on its executives’ compensation every three years.
Steaks on grills and cabernet in wine glasses may be a little tastier in California’s San Mateo County this Fourth of July, as its average weekly wage in the fourth quarter of 2012 more than doubled compared with the previous-year period, according to a report in The Wall Street Journal’s Corporate Intelligence blog. Why? All signs point to Facebook.
Facebook Co-Founder and CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg received the most withheld votes of the eight members of the social network’s board of directors that were re-elected at its annual meeting Tuesday, according to the Form 8-K Facebook filed with the Securities and Exchange Commission Thursday.
With the one-year anniversary of Facebook’s initial public offering coming up Saturday, social jobs and career community Glassdoor looked at the 12 months before and after the IPO and found that the company rating for Facebook and approval rating for Co-Founder and CEO Mark Zuckerberg have risen, as have salaries for software engineers, but the social network’s senior management rating has taken a hit.
Facebook Co-Founder and CEO Mark Zuckerberg will experience a dramatic pay cut in 2013, when his annual salary will be slashed to $1 and he will not receive a bonus, after total compensation of nearly $2 million in 2012. But the nearly $2.3 billion he took in last year after exercising 60 million stock options just prior to the social network’s May 18 initial public offering should help ease the blow.
Facebook finished second behind Google on another list, but at least the social network is making up ground on this one: According to social jobs and career community Glassdoor, Facebook was No. 2 on a list of 15 tech companies in terms of average base salary for software engineers, trailing only Google.
Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg will follow in the footsteps of other notable tech CEOs and take a base salary of $1 in 2013, taking one step toward slashing his tax burden.