The Wall Street Journal: Facebook workers’ median pay tops $240,000

Facebook Inc. employees earned a median pay package of more than $240,000 last year while Chief Executive Mark Zuckerberg’s total compensation was more than $8.8 million, according to the social-media company’s 2017 proxy.

Zuckerberg’s compensation of $8,852,366 was about 37 times higher than the average Facebook employee, according to the annual proxy filed late Friday. The company disclosed the pay ratio as part of a broader requirement of the postcrisis Dodd-Frank law that went into effect this year.

As in years past, Zuckerberg’s base salary was $1 in 2017 and he didn’t receive a bonus or any equity rewards. But the 33-year-old billionaire’s security and travel costs rose 54% to roughly $8.85 million in 2017 as he embarked on a 30-state tour of the U.S.

Facebook FB, +0.19%   calculated the 37-to-1 pay ratio by comparing Zuckerberg’s compensation to that of a specific individual identified as a median worker. Facebook factored in the salary, bonus or sales commission and the value of equity awards granted to that employee as of Oct. 31, 2017. Many of Facebook’s Silicon Valley peers have not yet filed their proxy statements. Twitter Inc. TWTR, -0.63%   last week said the annual total compensation for a median employee in 2017 was $161,860.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

Trump lawyer Michael Cohen used the same Delaware company for payment deals to two women.

Homebuilding isn’t keeping up with growth, development group says.

Filed in: Top News Tags: 

You might like:

God-fearing countries are among the least wealthy—with one notable exception God-fearing countries are among the least wealthy—with one notable exception
America’s 1% hasn’t controlled this much wealth since before the Great Depression America’s 1% hasn’t controlled this much wealth since before the Great Depression
Women don’t see men who drive flashy cars as husband material Women don’t see men who drive flashy cars as husband material
The New York Post: Trump dubs himself ‘your favorite president’ in tweet about Michael Cohen tape The New York Post: Trump dubs himself ‘your favorite president’ in tweet about Michael Cohen tape
The Wall Street Journal: Cease-fire in place between Israel and Hamas in Gaza Strip The Wall Street Journal: Cease-fire in place between Israel and Hamas in Gaza Strip
The New York Post: New York Giants owner says Trump lacks understanding of NFL players’ anthem protests The New York Post: New York Giants owner says Trump lacks understanding of NFL players’ anthem protests
The New York Post: Most of music business’s top money makers in 2017 had been at it for decades The New York Post: Most of music business’s top money makers in 2017 had been at it for decades
The New York Post: ‘Stand your ground’ law to protect Florida parking-lot shooter from prosecution The New York Post: ‘Stand your ground’ law to protect Florida parking-lot shooter from prosecution

Leave a Reply

Submit Comment
© 2018 Stock Investors News. All rights reserved. XHTML / CSS Valid.