On paper, you’ll see tech giant Meta’s CEO pop up as one of the firm’s lowest-paid workers. And many were shocked to see the figure get listed at just $1 last year.
But behind that awfully modest value lies a massive amount of compensation entailing a whopping $24 million figure (or $24,399,968 precisely) that arises under the ‘other compensation’ category as per the tech giant’s most recently published proxy filing.
And while the CEO's salary usually tends to be highlighted for obvious reasons, it's the median employee compensation at the company that is now in the spotlight, as Meta provides them with a staggering figure of $379K (or $379,050 to be exact). And just a mere reflection of how much it values giving the workforce rewards and staying committed on that front.
In stark comparison to what’s seen for Zuckerberg and his earnings, what does the average employee’s salary at Meta comprise? It’s said to be in the $35k and can go as far as the $120k figure as delineated by Indeed recently. This really does underscore a massive discrepancy when we look at the industry.
However, the majority of the compensation package arising from Mark Zuckerberg is not the usual salary or bonus that is allocated to cover security costs. Meta proved how the CEO’s personal services like security allowance rose by 40% from $10 million a few years back to a staggering $14 million just last year.
It’s a disclosure that arises against the firm’s decision to cut down on the figure of employees working today as it embraced a firing spree that had close to 11k people terminated. And that figure is equal to 13% of the overall workforce.
Despite such massive scrutiny regarding the decision that many did not appreciate when you look at how much the CEO gets for private security, the tech giant continued to prevail with its decision and even opted to reduce security expenses arising from the CEO’s front.
Back in 2022, Mark Zuckerberg’s expenses raised eyebrows when his travel and security costs were calculated. It was a luxury beyond words and plenty of personal travel trips happened to be included.
In comparison, we saw the company’s year of efficiency last year put forward $9 million for just security with $1 million just for private fleets for flying.
But Meta was forced to provide a defense statement to justify the act that comprised of threats aimed at Zuckerberg directly who was after all the brand’s leading face. And who better to turn to than him when setting the right example right?
The challenges that Meta has been facing in terms of criticism from across the board are very interesting since the profile is very public for Zuckerberg. And the fact that his name is taken again and again for sticking to the $1 salary club with plenty of others is proof of how people are not happy.
Meta has had a robust year financially and it is certainly going strong with quarterly earnings report noting down nothing but success. The successful turnaround is delineated to be more related to enhanced operation costs and a reduction of the employee count than anything else. Did we mention how the CEO’s network also ended up rising to a staggering $176 billion this month?
The massive rise is proof of how his leading position as one of the richest individuals from around the globe continues to solidify, going past tech billionaire Elon Musk to get the number three on rankings released by Bloomberg.
These recent compensation figures that were disclosed shed light on not only the CEO’s unconventional salary but also on the careful dynamics regarding exclusive compensation and security costs seen across the tech world.
Remember, Meta is slowly but surely navigating many challenges and chances it gets but with that being said, what Zuckerberg gets is a major matter of concern and scrutiny for many as discussions related to wealth inequality continue to take center stage today.
We would love to know what you think on this front and whether someone whose salary is listed as $1 is correct when hidden personal expenditures are mind-blowingly huge.
Image: AIgen
Read next: Study Shows Waste from Beverages and Food is a Big Contributor in Plastic Pollution
But behind that awfully modest value lies a massive amount of compensation entailing a whopping $24 million figure (or $24,399,968 precisely) that arises under the ‘other compensation’ category as per the tech giant’s most recently published proxy filing.
And while the CEO's salary usually tends to be highlighted for obvious reasons, it's the median employee compensation at the company that is now in the spotlight, as Meta provides them with a staggering figure of $379K (or $379,050 to be exact). And just a mere reflection of how much it values giving the workforce rewards and staying committed on that front.
In stark comparison to what’s seen for Zuckerberg and his earnings, what does the average employee’s salary at Meta comprise? It’s said to be in the $35k and can go as far as the $120k figure as delineated by Indeed recently. This really does underscore a massive discrepancy when we look at the industry.
However, the majority of the compensation package arising from Mark Zuckerberg is not the usual salary or bonus that is allocated to cover security costs. Meta proved how the CEO’s personal services like security allowance rose by 40% from $10 million a few years back to a staggering $14 million just last year.
It’s a disclosure that arises against the firm’s decision to cut down on the figure of employees working today as it embraced a firing spree that had close to 11k people terminated. And that figure is equal to 13% of the overall workforce.
Despite such massive scrutiny regarding the decision that many did not appreciate when you look at how much the CEO gets for private security, the tech giant continued to prevail with its decision and even opted to reduce security expenses arising from the CEO’s front.
Back in 2022, Mark Zuckerberg’s expenses raised eyebrows when his travel and security costs were calculated. It was a luxury beyond words and plenty of personal travel trips happened to be included.
In comparison, we saw the company’s year of efficiency last year put forward $9 million for just security with $1 million just for private fleets for flying.
But Meta was forced to provide a defense statement to justify the act that comprised of threats aimed at Zuckerberg directly who was after all the brand’s leading face. And who better to turn to than him when setting the right example right?
The challenges that Meta has been facing in terms of criticism from across the board are very interesting since the profile is very public for Zuckerberg. And the fact that his name is taken again and again for sticking to the $1 salary club with plenty of others is proof of how people are not happy.
Meta has had a robust year financially and it is certainly going strong with quarterly earnings report noting down nothing but success. The successful turnaround is delineated to be more related to enhanced operation costs and a reduction of the employee count than anything else. Did we mention how the CEO’s network also ended up rising to a staggering $176 billion this month?
The massive rise is proof of how his leading position as one of the richest individuals from around the globe continues to solidify, going past tech billionaire Elon Musk to get the number three on rankings released by Bloomberg.
These recent compensation figures that were disclosed shed light on not only the CEO’s unconventional salary but also on the careful dynamics regarding exclusive compensation and security costs seen across the tech world.
Remember, Meta is slowly but surely navigating many challenges and chances it gets but with that being said, what Zuckerberg gets is a major matter of concern and scrutiny for many as discussions related to wealth inequality continue to take center stage today.
We would love to know what you think on this front and whether someone whose salary is listed as $1 is correct when hidden personal expenditures are mind-blowingly huge.
Read next: Study Shows Waste from Beverages and Food is a Big Contributor in Plastic Pollution
