Subscribe free to our newsletters via your
. GPS News .




INTERNET SPACE
Zuckerberg paid more than $2 bln at Facebook in 2012
by Staff Writers
San Francisco (AFP) April 26, 2013


Facebook co-founder and chief Mark Zuckerberg scored more than $2 billion worth of stock and $503,000 in base pay last year for running the world's leading social network.

Zuckerberg was also given bonuses that added up to slightly more than $266,000, according to a Facebook filing on Friday with the US Securities and Exchange Commission.

He received $1.22 million in "other compensation," more than half of which was said in the filing to involve the use of chartered aircraft for travel by Zuckerberg and guests as part of a "comprehensive security program."

Facebook provided US regulators a breakdown of executive compensation and other matters that will be topics at an annual meeting of shareholders set to take place on June 11.

"In the first quarter of 2012, the compensation committee decided to increase the base salaries of our executive officers, other than our CEO," Facebook said in the document.

"Accordingly, our compensation committee increased the base salary of each executive officer, other than our CEO, by $35,000 or $40,000."

Zuckerberg has served as chairman of the board at Facebook since the beginning of last year.

His base pay will remain the same this year, while chief operations officer Sheryl Sandberg's was raised to $340,000, according to the filing. Her bonus last year added up to $276,730, the paperwork indicated.

Sandberg was paid $321,000 last year, along with a bonus of $276,730 and about $25.6 million worth of stock awards, Facebook told the FTC.

Sandberg's bonus "reflected her leadership in growing our revenue year over year and her strategic guidance in various business matters," the filing said.

Zuckerberg exercised options to acquire 60 million shares of Facebook stock, which were valued at just shy of $2.28 billion, according to the SEC filing.

He holds 607,599,549 shares of Class B stock in Facebook and another 1,939,987 in Class A shares, the company said in the paperwork.

The SEC in March endorsed a Nasdaq exchange plan to create a $62 million pool of cash to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.

The huge electronic market's foul-up marred the $16 billion Facebook share issue in May, the most hotly awaited initial public offering on the US markets in years.

The stock hit a high of $45 on the first day, but slid below $18 in the following weeks. Facebook shares were trading at $26.85 at the Nasdaq close on Friday.

.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








INTERNET SPACE
Australia poised for start-up boom: Google study
Sydney (AFP) April 23, 2013
Tech start-ups could be worth Aus$109 billion (US$111 billion) to the Australian economy by 2033 - on a par with retail or education - and create half a million jobs, a report for Google found Tuesday. The PricewaterhouseCoopers (PwC) study "The Startup Economy" said that by global comparisons there is "no better time to be an entrepreneur in Australia", with some 1,500 tech start-ups and ... read more


INTERNET SPACE
India predicted to receive normal monsoon rains

EU set to ban pesticides blamed for decline of bees: source

EU to ban pesticides linked to bee deaths

Deep, Permeable Soils Buffer Impacts of Agricultural Fertilization on Streams and Rivers in Southern Amazon

INTERNET SPACE
New Research Findings Open Door to Zinc-Oxide-based UV Lasers, LED Devices

New Nanowire Structure Has Potential to Increase Semiconductor Applications

Scientists provide 'new spin' on emerging quantum technologies

Germanium made compatible

INTERNET SPACE
Australia unveils its F-35 JSF 'Iron Bird'

China welcomes French president with Airbus deal

Multifunction Advanced Data Link Flight Tested For F-35 Program

Brazil drops plan to build AgustaWestland helicopter

INTERNET SPACE
Honda's annual net profit soars to $3.7 bn

Chinese prefer gas-guzzling vehicles?

Auto makers show off vehicles in key China market

GM by any other name? Car firms face brand puzzle in China

INTERNET SPACE
France eyes becoming trading hub for China yuan

Bill to collect Internet purchase sales tax looks set for Senate OK

Hong Kong's pursuit of luxury defies Western gloom

Southeast Asian leaders talk China, trade

INTERNET SPACE
Study Led by NUS Scientists Reveals Escalating Cost of Forest Conservation

Wildfires can burn hot without ruining soil

Indonesia moves towards approving deforestation plan

Brazil urged to stop invading indigenous lands

INTERNET SPACE
NASA's HyspIRI: Seeing the Forest and the Trees and More

Satrec Initiative of South Korea Continues Collaboration with UAE for DubaiSat-3 Program

Google says Street View data now take in 50 countries

DMCii increases downlink capacity with Svalbard ground station facilities

INTERNET SPACE
Nanowires grown on graphene have surprising structure

UNL team's discovery yields supertough, strong nanofibers

Scientists image nanoparticles in action

Scientists see nanoparticles form larger structures in real time




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement