Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on T Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on Twitter, Angel List, LinkedIn.
New IPO information submitted by Facebook has revealed that founder Mark Zuckerberg will be paid half a million dollars this year, while is he eligible to receive two bonuses up to the value of 45 percent of this base salary, as The Sydney Morning Herald reports.
The dual performance-based bonus set-up is also operational for other C-level executives, including COO Sheryl Sandberg whose salary is revealed to be $300,000.
Of course, Sandberg, Zuckerberg and others have significant amounts of stock so, those of you thinking that their salaries are on the low side need not worry about them.
As the Contra Costa Times reveals, there is no golden parachute agreement for Zuckerberg and Sandberg, which would compensate the pair should they forced out of the company. The omission is surprising and an “investor friendly” detail.
In related news, a Sharepost auction today has seen the company’s value hit a record high. AllFacebook reports that it is now worth between $103.4-110 billion based on its shares price, which closed at $44.
The company filed for a $5 billion IPO last week, the documentation of which included a series of figures and data which revealed it now has 845 million users, who post 250 million pictures and make 2.7 billion likes and comments on the site each day.
On the financial side of things, the company revealed that total revenue in 2011 reached $3.7 billion with net income at $695 million dollars.
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