Salaries of the Top Facebook Execs and how much they earned in 2011

The base salaries of all the top Facebook executives was reveled in the s-1 filing. After the IPO filing on Wednesday the company revealed exactly how much their top execs make and from the look of it you can see how healthy Facebook is. Facebook also said it produced $3.71 billion in revenue last year with most of the revenue coming from advertising on the site, with a profit of $1 billion. So how much does Mark Zukerberg earn in 2011 and the public face of the company Sheryl Sandberg, (COO) actually earn. Here is the breakdown.

Mark Zuckerberg, CEO: made a salary of $483,333 in 2011, He also received “other” compensation (Travel, security etc) $783,529, Overall, Zuckerberg received $1,487,362 for 2011
Sheryl Sandberg, COO: had a salary and bonus of $381,966 in 2011, also granted about $30 million in stock awards.
David Ebersman, CFO: $381,966 in salary and bonuses. With stock, total compensation comes to $18.6 million.
Mike Schroepfer, VP of Engineering: $333,833 in salary and bonuses in 2011. Combined this with his bonus and stock awards, he made $24.7 million last year.
Theodore W. Ullyot, VP, General Counsel and Secretary:  $749,583 in salary and bonus and granted about $6 million in stock awards and $110,644 in other compensation.
Source: Washington Post

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Sociolatte

Facebook IPO Price: $100b? OMG LOL!

Image source: industryleadersmagazine

It is expected by investors that Facebook will be ready to file an Initial Public Offering sometime later this week. Facebook will seek to raise $10 billion and be valued at $100 billion. Making this IPO the hottest and biggest when it comes to companies whose main business is online web services. Once Facebook debuts as a public company it will be ranked alongside the largest companies in the world alongside McDonald's, Amazon and Bank of America. WSJ is reporting that Facebook is almost final in picking Morgan Stanley over Morgan Stanley as the lead underwriter. 


Once this goes through it will make over a 100 millionaires in Silicon valley and make Mark Zuckerberg richer by $20 billion at least on paper. Facebook is the most awaited TECH IPO since Google Inc. Both Google and Facebook depend on advertising for revenue and therefore the fight for online ad dollars is set to get on fire. Although Google's ad revenue last year was five times that of Facebook. Facebook's IPO is definitely set to be bigger that Google's and Amazon's IPO. This is going to be the largest IPO in internet IPO history. The Drudge Report runs the article with the title " Who wants to be a billionaire?  $100b? OMG LOL!


Read More @ the Huff Post

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Sociolatte

Facebook Sets Up Dual-Class Stock

Facebook Inc. took steps to solidify the control of founder Mark Zuckerberg and other existing shareholders in the event the social-networking company goes public. Facebook said Tuesday that this should not be seen as a signal that the company is going public at this time. FB has announced that eventually they will go public. But as of now the thing that has been done is the solidifying of key share holder stock. So Facebook will convert existing stock holders to Class B which has ten times the voting power of class A stocks.

It said it is introducing the structure "because existing shareholders wanted to maintain control over voting on certain issues" and "focus on the long-term."

So when the company eventually goes public and existing investors hold onto their shares the dual-class structure would enhance their control and fend of unwanted suitors. Giving the key share holders more control. This was the same thing followed by google before they went public.

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Sociolatte