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How Much Are Facebook Execs Making? (Hint: More Than You)

 & Chloe Albanesius Executive Editor, News

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It's probably safe to assume that Mark Zuckerberg has a bit more cash on hand than the average person, but until today, we weren't exactly sure how much the Facebook CEO, and other company execs, were taking home each year.

According to paperwork filed with the SEC yesterday in conjunction with Facebook's much-publicized IPO, Zuckerberg took home about $1.5 million in salary, bonus, and other compensation. But that's pocket change compared to his stock holdings. The social network's founder owns 533.8 million shares, or 28.4 percent, of Facebook stock.

With a potential valuation up to $100 billion, that could make Zuckerberg worth about $28.4 billion.

Specifically, Zuckerberg last year earned a base salary of $483,333 and took home $220,500 in bonuses and $783,529 in other compensation, which included use of a private jet, as well as real estate and financial planning.

With billions in stock, however, Zuckerberg will switch to a $1 per year salary in January 2013. He is also the "holder of the majority of the voting power," the filing said.

Also not faring too badly is Sheryl Sandberg, Facebook's chief operating officer. She earned about $300,000 in salary and more than $86,000 in bonuses, but the approximately $30.5 million in stock awards put her total 2011 compensation at $30.8 million.

Similarly, engineering vice president Mike Schroepfer saw his total compensation reach $24.7 million last year, primarily due to the $24.3 million in stock awards. CFO David A. Ebersman was at $18.6 million and general counsel Theodore W. Ullyot was at the "low" end of things at $6.9 million.

In the filing, Facebook said in 2011, its executive salaries "were below market relative to our Peer Group, both to retain the ethos of a start-up company and because of our emphasis on equity-based compensation." In 2011, however, Zuckerberg got a $100,000 pay raise, while other execs saw their base salaries jump $25,000.

Facebook also provided details on payment to family members, which included Zuckerberg's sister Randi, who served as marketing director. She left Facebook in August to start her own company, but in the last three years, Randi Zuckerberg earned salary, bonus and other compensation of $128,750, $139,578, and $89,536.

For more, see Facebook By the Numbers: Steady Growth, Big Profits and What Facebook Fears, as well as the Facebook history slideshow below.

About Our Expert

Chloe Albanesius

Chloe Albanesius

Executive Editor, News

My Experience

I started out covering tech policy in DC for The National Journal, where my beat included state-level tech news and all the congressional hearings and FCC meetings I could handle. I later covered Wall Street trading tech before switching gears to consumer tech. I now lead PCMag's news coverage.

My Areas of Expertise

Getting my start in DC means I still have a soft spot for tech policy; Congressional hearings can sometimes be as entertaining as a Bravo reality show, for better or worse. But PCMag is all about the technology we use every day, as well as keeping an eye out for the trends that will shape the industry in the years ahead (or flop on arrival). I've covered the rise of social media, the iOS vs. Android wars, the cord-cutting revolution that's now left us with hefty streaming bills, and the effort to stuff artificial intelligence into every product you could imagine. This job has taken me to CES in Vegas (one too many times), IFA in Berlin, and MWC in Barcelona. I also drove a Tesla 1,000 miles out west as part of our Best Mobile Networks project. Of late, my focus is on our hard-working team of reporters at PCMag, guiding and editing their robust coverage.

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