Facebook’s COO Sheryl Sandberg earned $30.9 million in 2011

February 3rd, 2012 - 10:39 pm ICT by Aishwarya Bhatt  

Facebook COO Sheryl Sandberg New York City, Feb 3 (THAINDIAN NEWS) Facebook’s Chief Operating Officer – Sheryl Sandberg earned a whooping $30.9 million in the last financial year. This huge figure includes her basic salary along with a nice fat bonus and not to mention some very lucrative stock options. Despite the huge figure, she owns just 0.1% in the social networking company.

In comparision, the Chief Executive Officer of Facebook – Mark Zuckerberg earned just $1.49 million for the last financial year. His basic salary is said to be $483,333 and there are reports that he is following in the footsteps of Steve Jobs, as he intends to take just $1 as his basic salary in the coming year. All these details came to light when Facebook launched their IPO today in order to raise more than $5 billion.

“It has always been fairly typically in the tech model of executive compensation to lever heavily on the future success of the company by granting compensation based on future stock awards,” according to Frank Glassner, who is the chief executive officer of Veritas Executive Compensation Consultants in San Francisco. Frank also added that, “In the case of Facebook they certainly stand to gain a tremendous amount of value.”

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