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Facebook The Almighty Buck News

Facebook Details Executive Salaries, Bonuses 168

An anonymous reader writes "Facebook has detailed the pay of 27-year-old Facebook co-founder and CEO Mark Zuckerberg as well as four other executives. These are people who are set to be billionaires at least on paper when the company goes public as part of its $5 billion initial public offering (IPO). All five individuals are in line for annual target bonuses of 45 percent of their salary plus other base wages. For Zuckerberg, the bonus could amount to roughly $225,000 this year, based on his annual salary of $500,000."
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Facebook Details Executive Salaries, Bonuses

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  • Buy Buy Buy! (Score:4, Insightful)

    by conner_bw ( 120497 ) on Saturday February 11, 2012 @08:11PM (#39008301) Journal

    It worked for Tom Anderson and Rupert Murdoch, what could possibly go wrong!

  • by Anonymous Coward


  • by moozey ( 2437812 ) on Saturday February 11, 2012 @08:22PM (#39008369)

    FTFA "These salaries of course don’t take into account the executives’ stocks in the social networking giant. If you were worried their salaries are on the low side, don’t be."

    Oh thank god! I can finally sleep easy tonight. Phew!

  • by BenJCarter ( 902199 ) on Saturday February 11, 2012 @08:41PM (#39008481)
    It's a great free app that I can choose to use, or not to use. It has brought me in contact with people I haven't talked to for decades. I hope you become fabulously rich. I also hope that Facebook doesn't engineer itself into oblivion before an alternative comes along...
  • by cvtan ( 752695 ) on Saturday February 11, 2012 @10:46PM (#39009021)
    When people make my entire retirement savings (me+wife working for 30 years) in a weekend, I wonder why I bothered doing science. Clearly, I was in the wrong line of work and the world changed out from under me.
    • Re: (Score:2, Flamebait)

      by rgbrenner ( 317308 )

      Wait... 500,000 / 365 * 2 = $2739.73

      If that's all you have saved, that says more about you than Zuckerburg's salary.

      • by Surt ( 22457 )

        Your calculation is a little off for what Zucker can make in a weekend.

      • You excluded any valuation of his ownership stake and options from your definition of "making" (I know Facebook is not public yet, but I _can_ estimate the value of the home I own as an asset without having to try sell it.)

        Not to mention other perks like use of an executive jet.
        http://www.bornrich.com/private-jet.html [bornrich.com]

        If this were Apple being discussed, wouldn't we get some really kooky numbers Jobs' $1 salary?

        • Your home is not a fair comparison. You can more-or-less tell what that is worth by looking at similar homes in your neighborhood. But no one knows how facebook's stock will perform, what his share will ultimately be worth, or what he will be able to sell it for. He can't just dump all his shares on opening day -- if he wanted out, he would have to sell a little bit at a time over years. So if facebook stops growing (or worse, shrinking), the stock will collapse, and Zuckerberg won't have a penny of what th

    • by demonlapin ( 527802 ) on Sunday February 12, 2012 @12:27AM (#39009355) Homepage Journal

      I wonder why I bothered doing science.

      You were suckered in. I saw the light and went into medicine. It's not a perfect job, and it's definitely not science, but it's interesting and it pays well.

    • You know, compared to say, Wall Street traders who shuffle value around and skim off the top and add nothing to society, I think the guys behind Facebook actually deserve this. They've done a great social service for millions around the world at no cost to them beyond their privacy.

      Science has benefits beyond its pay (I would hope), but very little science affects the world like Facebook.

    • by m50d ( 797211 )
      Most people who went into tech don't make as much as Zuck. I suspect top scientists (even the average nobel prize winner is only the best in a given year - Zuckerberg has done better than that) make similar money.
    • by tbird81 ( 946205 ) on Sunday February 12, 2012 @04:53AM (#39009965)

      When people make my entire retirement savings (me+wife working for 30 years) in a weekend, I wonder why I bothered doing science. Clearly, I was in the wrong line of work and the world changed out from under me.

      No-one forced you to do science. No-one promised you hundreds of millions of dollars. Why didn't you just start a highly successful business?

    • When people make my entire retirement savings (me+wife working for 30 years) in a weekend, I wonder why I bothered doing science. Clearly, I was in the wrong line of work and the world changed out from under me.

      What has changed? Entrepreneurs are have always been the ones getting rich, and science has never been a career choice if you want to be a fat cat. It's not that you are in the wrong line of work you just didn't have the right combination of smarts, ideas, connections, work ethic, timing and luck to make it big.

    • You're confusing the laws of large numbers with success. For every facebook there are millions of failures. These people simply take advantage of economies of scale. If you want the big money you have to be in a position of authority on incoming revenue over the business. It's better to be an owner then a worker. That's why the richest people tend to be owners or something close to it.

      • Even facebook would have failed without a stream of venture capital during the YEARS it was loosing money. Zuckerberg actually got 2 lucky breaks: building facebook + finding people willing to throw money at him (we are talking about hundreds of millions of dollars.. so I think that's an accurate description).

    • by Shivetya ( 243324 ) on Sunday February 12, 2012 @09:28AM (#39010523) Homepage Journal

      I mean no offense to you or your line of work, I am in the same boat. I followed. I am happy where I am at. I know where I want to be and work to get there.

      Just like there are superstars in sports there are superstars in business. Whether they bring new products or innovation matters not, their drive is wholly different.

      Now I know some will write it off to luck and yes, there are many cases of luck. Guess what, you don't get lucky not doing. You get lucky by trying, in some cases over and over and over.

      Look at it this way, I would rather live in a system where there are untold riches for those who succeed. He isn't some politician deciding from up on high the winner or losers. He is deciding for himself and there are hundreds, if not thousands along for the ride. He created something many people value.

      Some need that mythical pot of gold on the other side of the rainbow, others just feel the need to do. Which is he? Hell if I know. I don't have the drive but am quite happy to be in their world.

  • Zuckerburg's salary of $500,000 is only effective through 2012. As of 2013, it will drop to $1. http://techcrunch.com/2012/02/01/mark-zuckerberg-will-have-a-1-salary-starting-in-2013/ [techcrunch.com]
  • "Facebook Details Executive Salaries, Bonuses"

    Why do Americans use this strange form of English? I mean using a comma to separate nouns and usually only towards the end of a sentence. The obvious way to write the same thing would surely be "Facebook details executive salaries and bonuses."

    Not a criticism by the way. I would really like to know and Google has not helped me.

    • by Corbets ( 169101 )

      Because 2nd grade English class is not a prerequisite for Slashdot editors. We don't learn it that way in school, rest assured.

The unfacts, did we have them, are too imprecisely few to warrant our certitude.