Facebook's Mark Zuckerberg gets $1 annual salary

Facebook founder and chief executive Mark Zuckerberg is following in the footsteps of other tech giants like Apple’s co-founder Steve Jobs and Google founders Sergey Brin and Larry Page — he took a salary cut to just $1 per year in 2013, according to a regulatory filing on Monday. Zuckerberg can afford the meagre wages. The value of his Facebook stock is around $27 billion, according to US financial magazine Forbes. Other Facebook executives earned far higher salaries than Zuckerberg.

Read the Hindu Business Line news report here.