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Payday at Facebook -- not too shabby

April 27, 2013 at 9:29 AM   |   Comments

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PALO ALTO, Calif., April 27 (UPI) -- A filing with U.S. regulators reveals Mark Zuckerberg, chief executive officer of Facebook, exercised $2.3 billion in options in 2012.

Zuckerberg was also granted a raise for the year. His salary was bumped from $1.7 million in 2011 to $2 million in 2012, The Hollywood Reporter said Saturday.

The CEO spent another $2 million on private air travel and security, the filing revealed.

The majority of compensation paid to Facebook's chief operating officer, Sheryl Sanberg, was in the form of stock awards. Her pay dropped from $31 million in 2011 to $26.2 million in 2012, but her vested stock options for the year came to $822 million, the Reporter said.

Chief Finance Officer David Ebersman earned $17.5 million in 2012, while Chief Technology Officer Mike Schroepfer earned $20.7 million. David Fischer, vice president of business and marketing partnerships, was paid $12 million in 2012, the filing showed.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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