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> His salary is already only $1/yr, and has been since 2013. So there's nothing to do there. That's a joke, a tax dodge, a PR gag, a farce. There's nothing fis

> His salary is already only $1/yr, and has been since 2013. So there's nothing to do there. That's a joke, a tax dodge, a PR gag, a farce. There's nothing fiscally responsible about it. Taking financial responsibility, if such a thing exists, would involve giving up his equity comp or even some of his holdings. Give it to the employees whose careers you've disrupted through your bad business decisions. That's responsibility. "Market rates" is likewise a joke. A: "Market rates for corporate executives are obscene." B: "They're paid market rates, what's the problem?"

eru 4y ago
Corporate executive are also employees. And their careers have been more disrupted than some random software engineer's career.
- rbanffy 4y ago
  It seems fair. If executives were making the decisions that landed the company in a difficult situation, it's only fair they bear the consequences of their failure. Besides, it's difficult to empathize when their compensation packages are, while market rate, significantly higher than the engineers who do their bidding. I wouldn't be surprised if the fraction of executives that would be able to retire at this point was much higher than the one for engineers, which is likely much higher than the one for non-engineering individual contributors. Also remember that since it's executives who set executive compensation, there is some incentive to inflate it.
  - eru 4y ago
    The CEO is obsessed with the metaverse. Not sure the other executive had much say. (They can, of course, walk away if they disagree. But so can every other employee.)
- lovich 4y ago
  Executives are not employees, they have agency to decide the companies direction. More agency brings more responsibility
- klyrs 4y ago
  > And their careers have been more disrupted than some random software engineer's career. Were they really? Did they just lose their jobs and are they now underwater on mortgages that their families can no longer afford without that income? How many executives lives were "disrupted" worse than that? Because I'm talking about a significant fraction of 11k people that you're dismissing as "some random software engineer."
  - not2b 4y ago
    Not to mention "here on a H1-B visa with a short time to find a new tech job or be deported".
jfdbcv 4y ago
Does Zuckerberg take equity compensation? I thought he just owned ~14% of FB.
- airstrike 4y ago
  You're right, he has given up equity comp. I was curious so went looking... Based on the latest proxy, he does not take any equity compensation. He only gets his $1 salary, a corporate private jet for business travel and $10M / year "to cover additional costs related to his and his family's personal security. This allowance is paid to Mr. Zuckerberg net of required tax withholdings, and Mr. Zuckerberg must apply the net amount towards additional personnel, equipment, services, residential improvements, or other security-related costs." https://www.bamsec.com/filing/132680122000043/1?cik=1326801&hl=160773:161086&hl_id=41fcxtvr6 https://www.bamsec.com/filing/132680122000043/1?cik=1326801&...
  - MerManMaid 4y ago
    Just so everyone is clear here, $1 salary + travel/security rounds out to $27,000,001 for 2021. Additionally, travel/security don't seem to have any hard spending limit and alleviates Zuck's personal tax liability. (by $27M anyway) Per the filing you linked: " Mr. Zuckerberg uses private aircraft for personal travel in connection with his overall security program (including, beginning in 2022, a private aircraft that is indirectly and wholly owned by Mr. Zuckerberg and operated by an independent charter company). On certain occasions, Mr. Zuckerberg may be accompanied by guests when using private aircraft. " "the costs of Mr. Zuckerberg's security program vary from year to year depending on requisite security measures, his travel schedule, and other factors." (Emphasis mine)
  - lovich 4y ago
    That says requested and doesn’t specify what he actually receives which is weasely enough to make me question the word choice
    - airstrike 4y ago
      That's not how proxies work

eru 4y ago

Corporate executive are also employees. And their careers have been more disrupted than some random software engineer's career.

rbanffy 4y ago
It seems fair. If executives were making the decisions that landed the company in a difficult situation, it's only fair they bear the consequences of their failure. Besides, it's difficult to empathize when their compensation packages are, while market rate, significantly higher than the engineers who do their bidding. I wouldn't be surprised if the fraction of executives that would be able to retire at this point was much higher than the one for engineers, which is likely much higher than the one for non-engineering individual contributors. Also remember that since it's executives who set executive compensation, there is some incentive to inflate it.
- eru 4y ago
  The CEO is obsessed with the metaverse. Not sure the other executive had much say. (They can, of course, walk away if they disagree. But so can every other employee.)
lovich 4y ago
Executives are not employees, they have agency to decide the companies direction. More agency brings more responsibility
klyrs 4y ago
> And their careers have been more disrupted than some random software engineer's career. Were they really? Did they just lose their jobs and are they now underwater on mortgages that their families can no longer afford without that income? How many executives lives were "disrupted" worse than that? Because I'm talking about a significant fraction of 11k people that you're dismissing as "some random software engineer."
- not2b 4y ago
  Not to mention "here on a H1-B visa with a short time to find a new tech job or be deported".

jfdbcv 4y ago

Does Zuckerberg take equity compensation? I thought he just owned ~14% of FB.

airstrike 4y ago
You're right, he has given up equity comp. I was curious so went looking... Based on the latest proxy, he does not take any equity compensation. He only gets his $1 salary, a corporate private jet for business travel and $10M / year "to cover additional costs related to his and his family's personal security. This allowance is paid to Mr. Zuckerberg net of required tax withholdings, and Mr. Zuckerberg must apply the net amount towards additional personnel, equipment, services, residential improvements, or other security-related costs." https://www.bamsec.com/filing/132680122000043/1?cik=1326801&hl=160773:161086&hl_id=41fcxtvr6 https://www.bamsec.com/filing/132680122000043/1?cik=1326801&...
- MerManMaid 4y ago
  Just so everyone is clear here, $1 salary + travel/security rounds out to $27,000,001 for 2021. Additionally, travel/security don't seem to have any hard spending limit and alleviates Zuck's personal tax liability. (by $27M anyway) Per the filing you linked: " Mr. Zuckerberg uses private aircraft for personal travel in connection with his overall security program (including, beginning in 2022, a private aircraft that is indirectly and wholly owned by Mr. Zuckerberg and operated by an independent charter company). On certain occasions, Mr. Zuckerberg may be accompanied by guests when using private aircraft. " "the costs of Mr. Zuckerberg's security program vary from year to year depending on requisite security measures, his travel schedule, and other factors." (Emphasis mine)
- lovich 4y ago
  That says requested and doesn’t specify what he actually receives which is weasely enough to make me question the word choice
  - airstrike 4y ago
    That's not how proxies work