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.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

share this story:
facebook
email





Seattle's Family 4th celebration survives another year

It was nearly canceled. The next year, they were $200,000 short and asking for money. This year, it appears One Reel's Family 4th will be able to go on without a hitch.


Dave Ross - tcti

Does this really have to go to court?

The Catholic Church is upset over being forced to include birth control with employee insurance benefits. So now 40 Catholic institutions are suing the government.




What's not to like about the Kellen Winslow trade?

After speaking with a Tampa Bay reporter, Bob Stelton and Dave Grosby agree that there's nothing to dislike about the deal the Seahawks made to acquire tight end Kellen Winslow.


Quebec students mark 100 days of tuition protests

Tens of thousands of students marched through the streets of Montreal on Tuesday to mark 100 days since the movement against higher tuition fees began. The protest comes after Quebec's provincial government passed emergency legislation to end Canada's most sustained student demonstrations ever.


Silicon Valley tech exec accused of Lego thefts

A Silicon Valley software executive put fake bar codes on Lego sets at various Target stores, bought the toys at a steep discount, then sold them online for thousands of dollars, authorities said.

most popular

  1. Brock & Salk: What tight end Kellen Winslow brings to the Seahawks
    The Seahawks' ability to continually monitor the market and keep ample salary cap...
  2. Are OKC fans really thanking Seattle for Thunder?
    As if we haven't suffered enough, Oklahoma fans have been spotted around OKC wearing...
  3. Trial over caging autistic boys begins in Vancouver
    Was it cruelty or child proofing? A Vancouver couple is accused of imprisoning their...
  4. Dori throws rocks at new Chihuly glass house
    Chihuly Garden and Glass, featuring colorful glass art created by Dale Chihuly, has...
  5. Canadians bummed store's paper money going electronic
    The Loonie isn't the only wacky currency in Canada. It turns out many Canadians have...




mynorthwest.com
Copyright © 2012 Bonneville International. All rights reserved.