Zuckerberg 'likes' lower salary
PUBLISHED ONApril 01, 2014 4:15 AM
NEW YORK - Facebook CEO and cofounder Mark Zuckerberg's salary was down last year, but don't cry for him. He'll be OK.
In fact, the megawealthy Facebook boss was just following the CEO salary downsizing trend for some industry heavyweights, such as Google.
The social networking site paid him a salary of US$1(S$1.3) last year, stock market documents showed Monday.
The same documents, released ahead of the company annual meeting, showed Zuckerberg's full compensation last year hit US$653,165, down from US$1.99 million in 2012.
Most of that was from personal trips in private jets paid for by the company because they are seen as justified for safety reasons.
And Zuckerberg did not net a bonus or stock options last year.
But don't fret about that lonely dollar. Zuckerberg reaped US$3.3 billion just last year from exercising stock options.
He is still the leading shareholder in the business he started in his college dorm room, with a fortune of US$26.7 billion, according to Forbes.