Tuesday, April 1, 2014

Facebook Executives Big Payday

Facebook Executives Big Payday, Sheryl Sandberg, Mark Zuckerberg, Facebook

Facebook executives must be all smiles because of their huge pay although it's not as high as it was back in 2012.

Based on a SEC regulatory filing, three of Facebook's top executives earned more than $10 million in salary, bonuses and stock awards in 2013. In 2012, three top executives also earned more than $17 million.

Sheryl Sandberg, Facebook's Chief Operating Officer received $16.1 million in compensation last year, she earned $26.2 million back in 2012 which is a huge drop.

David Ebersman Facebook's Chief financial officer received $10.5 million in 2013 ($17.5 million 2012), while Mike Schroepfer, Facebok's chief engineer got $12.6 million in 2013 ($20.7 million 2012). CEO Mark Zuckerberg accepted a merely $1 salary for 2013, well why bother he has a net worth of $27 billion. 

Facebook's ad revenue is up by 72% last year that includes huge growth in mobile ads. Their overall sales was $7.8 billion on 2013, up from $5.1 billion in 2012. 

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