3 ms·

Mark makes $1 a year. Now if we count his dividends sure, but I wouldnt say that those are payment for his work since he'd get them if he was working or not.

iaw 3y ago
No longer true.
- metaphor 3y ago
  Assertions without cite[1; pp. 62 and 68] are less meaningful than Zuck's base salary. [1] https://www.sec.gov/Archives/edgar/data/1326801/000132680124000034/meta-20240418.htm#ic0db6cb901504821837be9b73eff207d_58 https://www.sec.gov/Archives/edgar/data/1326801/000132680124...
  - jjeaff 3y ago
    His base salary was $1. But his total compensation was around $23 million which includes his fringe benefits like personal security, private jet, health insurance, etc.
    - water-your-self 3y ago
      At the end of the day he still owns 13.5% of the company on paper. Any listed compensation was already ~1/8ths his.
    - metaphor 3y ago
      That's ~$24.4 million in explicit fringe benefits allocated by Meta's board; it's not like Zuck is willy-nilly exchanging family security allowance for Gucci bags. To the GP's original remark, Meta paid out a quarterly dividend of $0.50/share a few weeks ago[1]...I'm sure you can ballpark what Zuck's cut of that was. When you do, square that notional figure against the limited use total comp above and tell us why the latter even matters. [1] https://investor.fb.com/investor-news/press-release-details/2024/Meta-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Initiates-Quarterly-Dividend/default.aspx https://investor.fb.com/investor-news/press-release-details/...
- HDThoreaun 3y ago
  Meta pays for his security and he uses the companies pj but he doesnt take a salary and hasnt received stocks for a decade.
  - solardev 3y ago
    He uses the company's what? Pajamas?
    - deleted 3y ago
      [deleted]
    - elaus 3y ago
      I never quite understand why people use ambiguous or uncommon abbreviations in comments. In this case I'm pretty sure they were talking about private jets (because it was spelled out in another comment), but I can't image most persons talk THAT much about private jets that they are used to that abbreviation.

iaw 3y ago

No longer true.

metaphor 3y ago
Assertions without cite[1; pp. 62 and 68] are less meaningful than Zuck's base salary. [1] https://www.sec.gov/Archives/edgar/data/1326801/000132680124000034/meta-20240418.htm#ic0db6cb901504821837be9b73eff207d_58 https://www.sec.gov/Archives/edgar/data/1326801/000132680124...
- jjeaff 3y ago
  His base salary was $1. But his total compensation was around $23 million which includes his fringe benefits like personal security, private jet, health insurance, etc.
  - water-your-self 3y ago
    At the end of the day he still owns 13.5% of the company on paper. Any listed compensation was already ~1/8ths his.
  - metaphor 3y ago
    That's ~$24.4 million in explicit fringe benefits allocated by Meta's board; it's not like Zuck is willy-nilly exchanging family security allowance for Gucci bags. To the GP's original remark, Meta paid out a quarterly dividend of $0.50/share a few weeks ago[1]...I'm sure you can ballpark what Zuck's cut of that was. When you do, square that notional figure against the limited use total comp above and tell us why the latter even matters. [1] https://investor.fb.com/investor-news/press-release-details/2024/Meta-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Initiates-Quarterly-Dividend/default.aspx https://investor.fb.com/investor-news/press-release-details/...
HDThoreaun 3y ago
Meta pays for his security and he uses the companies pj but he doesnt take a salary and hasnt received stocks for a decade.
- solardev 3y ago
  He uses the company's what? Pajamas?
  - deleted 3y ago
    [deleted]
  - elaus 3y ago
    I never quite understand why people use ambiguous or uncommon abbreviations in comments. In this case I'm pretty sure they were talking about private jets (because it was spelled out in another comment), but I can't image most persons talk THAT much about private jets that they are used to that abbreviation.