Facebook’s Mark Zuckerberg, Sheryl Sandberg get big payouts
SAN FRANCISCO -- Facebook executives leaned in to some big payouts in 2012.
Chief Operating Officer Sheryl Sandberg received $26.2 million in compensation, making her the highest-paid executive at the giant social network for the second straight year.
Sandberg earned $25.6 million in stock awards, a salary of $321,128 and a $276,730 bonus, according to a proxy statement filed with the Securities and Exchange Commission late Friday. That was a slight decline from nearly $31 million the year before.
Mark Zuckerberg, Facebook’s chief executive and co-founder, gained nearly $2.3 billion last year when he exercised 60 million stock options just before his company’s initial public stock offering in May. He raised money to pay his tax bill by selling 30.2 million Facebook shares for $38 each in the IPO.
Zuckerberg’s 2012 compensation package came in just under $2 million. He spent $1.2 million on chartered aircraft for personal travel.
Mike Schroepfer, Facebook’s engineering chief, got almost $21 million in compensation.
Sandberg had vested stocks worth more than $820 million, and David Ebersman, the company’s chief financial officer, had vested options worth just over $100 million.
Facebook also announced that venture capitalist Jim Breyer of Accel Partners, who was an early investor in Facebook would leave the board. He was recently elected a fellow of Harvard Corp., the university’s governing board.
Your guide to our new economic reality.
Get our free business newsletter for insights and tips for getting by.
You may occasionally receive promotional content from the Los Angeles Times.