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    Facebook discloses details on bonuses

    NEW YORK (AP) — Facebook's top executives, including CEO Mark Zuckerberg, are eligible for twice-a-year bonuses of up to 45 percent of their base salaries and other earnings, according to a Wednesday regulatory filing.

    Facebook Inc. said in a filing with the Securities and Exchange Commission that it will pay Zuckerberg, 27, a base salary of $500,000 per year. Zuckerberg's 45 percent target bonus will be based on his performance.

    Chief Operating Officer Sheryl Sandberg will receive a base salary of $300,000. Her target bonus is also 45 percent.

    David Ebersman will continue to serve as chief financial officer and he will get a base salary of $300,000.

    Mike Schroepfer, Facebook's vice president of engineering, will receive a base salary of $275,000. Both he and Ebersman have a target bonus of 45 percent.

    That said, the bulk of the windfall Zuckerberg and others will earn will be in the form of Facebook stock they own. The company said last week it plans to raise $5 billion in its IPO. If all goes as planned, Facebook could be worth as much as $100 billion.

    Another executive, Vice President and General Counsel Theodore Ullyot, will receive a base salary of $275,000, according to the filing. He will also get a retention bonus of $400,000 per year for five years, as well as restricted stock and stock options.

     
    • Expat  •  3 mths ago
      The question I am still waiting to hear answered, and not just nonsense from armchair economists or crap off the top of their head, is "where is the revenue in Facebook?" There's almost no advertising, everything is made by the users and the site is free. How is there 100 billion in this company? With stocks like Apple you know it comes from sales of merchandise and music, but with Facebook I just can't find the source of the revenue to make it "worth" that much. It seems a rather fragile bubble that could pop or be copied easily.
      • Flash Political 3 mths ago
        It's a money laundering operation - possibly for Obama's campaign. ;)
      • larry 3 mths ago
        They sell information about the lambs who post to businesses looking for leads.
      • Benjamin 3 mths ago
        its like everything else in the world. make believe money floating from one somebody to the next. and under it all lies real (Cash) money; that most the people are fighting to find a way to survive off of
    • christopher  •  Austin, Texas  •  3 mths ago
      This salary is just play money for them, they are set for life with the millions they will get from the IPO. wether they received any salary , it wouldn't make a difference in their financial life. Imagine receiving 300 million , would making a salary of 1 million or so make a difference for you in life..
      • Michael 3 mths ago
        The only thing I don't understand is how a person or company make money off the IPO if they don't have a product to sell. That is why we Americans are going through some crap right now. People are making money with IPO's and crap they just don't sell. Did you pay a dime for Facebook?
      • Jason 3 mths ago
        it comes from ad revenue dollars. i dislike facebook and don't use it. if the world were made up of people like me, then Facebook would be worth nothing. regular people seem to dig it.
      • Cuong 3 mths ago
        Most of US sectors produce nothing and it is the downfall of US. We have banks, insurance, media and such merely shift money around and most of the time they are the biggest scam to make money for the top.
    • Deepak N  •  Dallas, Texas  •  3 mths ago
      These days mega IPO's are nothing more than a strategy companies use when they need to CASH OUT. And when do people cash out? right before the ride down. Enjoy holding your empty bag shareholders.
      • Me 3 mths ago
        yep, it was all about money once they got a few 100.000 members on board.
    • M.S.  •  Grover Beach, California  •  3 mths ago
      Quit facebook now. Don't buy their stock. They are getting rich by exploiting YOU!
      • Dre 3 mths ago
        and whats different with it? the government gets rich off us
      • Carol 3 mths ago
        They are getting rich by providing a service that apparently millions of people want! Nothing wrong with that. Don't begrudge people their success. The more people that are successful, the better it is for all of us.
      • M.S. 3 mths ago
        I will begrudge any rich greedy person who exploits me.
    • 孔夫子  •  3 mths ago
      I am proud to announce that I don't knowingly contribute towards those exec's salaries. I don't use Facebook. Never have, never will.
      • Within Reason 3 mths ago
        I use facebook everyday, and I STILL dont contribute to their salaries. Their salaries come from advertisers. I dont pay them a dime.
    • WERETOAST!  •  3 mths ago
      IM #$%$ POOR RIGHT NOW BUT LOVE TO SEE AMERICAN SUCCESS STORIES ! GOD BLESS AMERICA !
    • none  •  3 mths ago
      I don't care. Not a dime of it came from me.
    • LazyGuy  •  Beverly Hills, California  •  3 mths ago
      Looking forward to watching Facebook tank.
    • brentg  •  San Bruno, California  •  3 mths ago
      they want to know your background and family members. if you befriend a stranger this will confuse them and they will wonder why you friended them. they want to know all about you, and why?
    • Shane  •  Mountain Home, Arkansas  •  3 mths ago
      Facebook sucks, if I want my friends or family to know or see something...I call them or go and see them. I have no need to put all of my personal infrmation out there for everyone to see. Seems to me like facebook seperates you further from friends and family. Instead of visiting or calling you just post crap online. Theres no feeling in it.
    • Sergio  •  New York, New York  •  3 mths ago
      Facebook could be worth as much as $0.00 if all FB users would terminate their accounts.
    • Rick  •  3 mths ago
      FaceBook has no security. Your stuff is not secure. You think! Mark is a thief stealing your stuff to sell. People wake up. When you deactivate your account Mark still has all your stuff. FaceBook best place for the FBI to check out people and see what your up to. Valuable information for employers to check. But Facebook is cool, yea but you pay a big price. Enough said.
    • Ron  •  San Francisco, California  •  3 mths ago
      Let me see??? You buy stock in facebook and you are charged a fee$$ to buy it . you take all the risk the stock goes up in value so you make some money on you investment. At sometime you sell the stock and are charge to sell it and also you pay income tax on your profits. You might also pay someone to manage your stock during the time you hold it. Mean while Zuckerberg makes $500,000.00 a year plus 45% bonuses twice a year on basic salary. Then there are other top people that make $$$$$ and bonuses per year. If you look into your stock it is not grade A like the stock Zuckerberg holds which means if Facebook goes under your stock is the first to go not being paid.
    • frostburn  •  3 mths ago
      guess 22 billion stock still has get salary
    • john  •  3 mths ago
      Dump facebook,,,now,,tank the stock before it even hits the market. Goldman-sachs and other brokers are going to get 80% of the IPO offerings and you,,yup YOU won't be able to buy in,,,unless you buy from Goldman,,and they (the crooks who brought you this meltdown) make a handsome profit,,that you aren't allowed in on. Don't believe me? Check it out for yourself. You won't believe it, but it's true.
      DUMP YOUR FACEBOOK ACCOUNT,,,,NOW IS THE TIME,,,but you won't,,,Baaa,Baa,Baa little sheepole.
    • J2011  •  San Francisco, California  •  3 mths ago
      True, but his stock options will make him a billionaire many times over.
    • David KayeP  •  San Francisco, California  •  3 mths ago
      All Jews? Bill Gates is not a Jew. Steve Jobs was an Arab. Jerry Yang from Yahoo is of Chinese background. David Filo, what, Italian? Larry Ellison? The list of non-Jews is quite extensive.
    • Rick  •  3 mths ago
      FaceBook could cost you your Dream Job. Employers are using FaceBook to get insight into a applicants personal life. I Have security? You only think you do. Check the videos on YouTube about getting into the private areas of FaceBook. There is no private or security with FaceBook.
    • Rick  •  3 mths ago
      When its all over Mark will be the most hated person in America
    • iCantBelieveItsNotBetter  •  3 mths ago
      100 billion...wow...imagine if fb would actually start selling tanglible products like amazon...they would worth a lot more...
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