News: Facebook's Mark Zuckerberg gets $1 annual salary

Compensation & Benefits

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.

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.

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Topics: Compensation & Benefits, #Current, #International, #TotalRewards

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