Sheryl Sandberg Million
February 3, 2012 by staff
Sheryl Sandberg Million, Bloomberg’s Emily Chang reports on Facebook Inc. Chief Operating Officer Sheryl Sandberg and her impact on the company. Chang speaks on Bloomberg Television’s “Bloomberg West.”
Facebook Inc. Chief Operating Officer Sheryl Sandberg received $30.9 million in total compensation in 2011, making her the best-paid senior executive at the world’s largest social network.
Sandberg’s compensation includes base salary, bonus and $30.5 million in stock awards, Menlo Park, California-based Facebook said today in the filing for its initial public offering.
While Sandberg’s compensation was the highest, her 0.1 percent stake is dwarfed by the 28.4 percent owned by Chief Executive Officer Mark Zuckerberg, which may vault him into the top 10 on Forbes list of the world’s wealthiest people. The CEO received $1.49 million in compensation for 2011, including a base salary of $483,333. That will drop to $1 in 2013.
“It has always been fairly typically in the tech model of executive compensation to lever heavily on the future success of the company by granting compensation based on future stock awards,” rather than large salaries, said Frank Glassner, chief executive officer of Veritas Executive Compensation Consultants in San Francisco. “In the case of Facebook they certainly stand to gain a tremendous amount of value.”
Facebook, founded in 2004 in a Harvard University dorm, filed today to raise $5 billion in what would be the largest Internet IPO on record. The company has discussed seeking a valuation of as high as $100 billion, two people with knowledge of the matter said last week.
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