The total compensation of the Chief Executive Officer and founder of Facebook Inc. – Mark Zuckerberg, who is also considered as the 22nd richest person in the world according to Bloombergs Billionaires Index, fell by 67% to $653 165 in 2013.
Mr. Zuckerberg made a decision not to participate in the 2013 bonus plan of the company. In addition, according to a regulatory filing with the U.S. Securities and Exchange Commission, he took a base salary estimated to 1 dollar last year.
In comparison, the base salary of Facebooks CEO in 2012 was 503 205 dollars and his bonus amounted to $266 101. He also received $1.22 million as a compensation listed in the “other” category, for a total of $1.99 million in compensation for 2012.
According to the information posted by the company, Facebook Inc.s Chief Operating Officer – Ms. Sheryl Sandberg – turned out to be the highest-paid executive of the company, with a 2013 payment estimated to 16.1 million dollars, which is 38% less than the one she got in 2012 due to lower stock awards. As stated in the filing of the Securities and Exchange Commission, Ms. Sandberg was paid a compensation amounting to 15.16 million dollars.
Another one of the companys executives – Mr. David Ebersman, who is the Chief Financial Officer of the company, was paid 10.5 million dollars last year, which is a 40% decrease from the sum of 17.5 million dollars paid to him in 2012.
Mike Schroepfer, who is Facebooks Chief Technology Officer was paid 12.6 million dollars in 2013 in comparison to the 20.7-million-dollar payment he got in 2012. The companys Vice President David Fischer received a total compensation estimated to 8 million dollars in 2013.
The Chief Executive Officer and founder of Facebook Mr. Zuckerberg followed the example given by other technology companies executives such as Apple Inc.s Steve Jobs, Google Inc.s Larry Page and Sergey Brin, who also took on the symbolic 1-dollar annual salary and made this practice popular.
Facebook Inc. rose by 0.38% on Monday to $60.24 per share, marking a one-year change of +135.50% and a market value of $153.60 billion. According to CNN Money, the 40 analysts offering 12-month price forecasts for Facebook Inc. have a median target of $74.00, with a high estimate of $90.00 and a low estimate of $60.00. The median estimate represents a +22.84% increase from the last price of $60.24.
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