Facebook Details Executive Salaries, Bonuses

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."

Comments

Re:What?

[Anonymous Coward]

FWIW, Jobs only got $1 annual salary, plus lots of stock options (at a "special" rate). Since he didn't get paid a salary that could be taxed, he "borrowed" against his stock and options, which is not taxable until the options are converted to stock, or the stock sold, and then it is "capital gains", and not simple income, at a much lower tax rate... So, in effect, he was paid million$, but had a tax burden much less, percentage-wise, than the rest of us working schlubs!

Re:And we care because?

[Surt]

Actually, it is. He entered into a secret, probably illegal (still to be tested in court) agreement with my potential employers to hold down wages.