Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Social Media

Zuckerberg joins $1 salary club, earns $2bn in stock

Facebook-CEO-Mark-Zuckerberg

Facebook co-founder and CEO, Mark Zuckerberg earned more than $2 billion worth of stock and $503,000 in base pay last year. Zuckerberg also 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”, according to a Facebook filing with the US Securities Commission.

 

The same filing states Mark will earn a salary of $1 this year and will forego any bonuses as well. The $1 salary satisfies a statutory requirement that demands companies to pay all their employees.

 

Zuckerberg joins other tech CEO’s with a $1 salary but worth billions in stock and shares. Google co-founders, Lary Page and Sergey Brin have been earning a $1 salary since 2005, but former Google CEO Eric Schimdt left the club after he became Chairman.

 

Other tech CEO and entrepreneurs that were or are on a $1 salary include: Steve Jobs, Larry Ellison, Elon Musk, Meg Whitman and Yahoo’s Jerry Yang, before he was ousted as the CEO.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...