Facebook reveals new information on executive bonuses
Thursday, February 9, 2012/
Facebook has revealed more information about its executive bonus structure, with chief executive Mark Zuckerberg set to receive a salary of $US500,000 with the option of a 45% bonus.
Chief operating officer Sheryl Sandberg is set to receive a pay package of $US300,000, with an optional bonus of $US135,000.
The bonus amounts depend on the company’s performance.
The updated filing with the SEC ahead of Facebook’s listing also states Sandberg would continue to have speaking engagements and lectures, as long as they don’t interfere with Facebook.
Facebook intends to raise $US5 billion through its IPO.