Thursday, February 09, 2012

Facebook discloses details on bonuses


NEW YORK (AP) — Facebook's top executives, including CEO Mark Zuckerberg, are eligible for twice-a-year bonuses of up to 45 percent of their base salaries and other earnings, according to a Wednesday regulatory filing.
Facebook Inc. said in a filing with the Securities and Exchange Commission that it will pay Zuckerberg, 27, a base salary of $500,000 per year. Zuckerberg's 45 percent target bonus will be based on his performance.
Chief Operating Officer Sheryl Sandberg will receive a base salary of $300,000. Her target bonus is also 45 percent.
David Ebersman will continue to serve as chief financial officer and he will get a base salary of $300,000.

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