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.
With Facebook’s initial public offering growing closer by the day, information about the company is being sought from every possible angle, and online jobs and career community Glassdoor went straight to the most knowledgeable sources of all: Facebook employees.
Here’s a comparison of social media salaries in the top 20 cities.
Recession? What recession? Assuming two anonymous responders to a Quora post are telling the truth, there’s certainly no shortage of money for engineers joining Facebook straight out of school.