Mark Zuckerberg’s One Dollar Salary
An article from TechCrunch.
Here’s another way that Mark Zuckerberg is following his idol Steve Jobs: He will have a $1 salary, starting in 2013.
According to Facebook’s S-1 filing for its $5 billion IPO, in the first quarter of this year (which presumably means sometime in January) Zuckerberg requested that his base salary be reduced to $1 per year, effective January 1, 2013. His 2011 base salary was $500,000, and he also received a $220,500 bonus for the first half of the year. The S-1 also lists $783,529 in “other compensation”, which includes $692,679 for “costs related to personal use of aircraft chartered in connection with his comprehensive security program and on which family and friends flew during 2011″