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

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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.

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