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.
Glassdoor is a great way to get the inside scoop on a company before you send in a job application. Job seekers can compare salaries and read anonymous reviews from employees to get a better sense of what it’s really like to work at a certain place. But now that Glassdoor has integrated with Facebook, users can see which friends are on Glassdoor, taking away the sense of anonymity.
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.
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.