08 620x361 reveal the salary of Mark Zuckerberg and other Facebook executives

Thanks to the IPO Facebook we encounter very interesting data related to the executives and the money that runs the company. Hours ago came a report that reveals the new salaries of several first-line managers, including Mark Zuckerberg. According to the report Facebook founder will receive $ 500,000 per year with an option to obtain two bonds covering 45% of his basic salary.

A similar compensation corresponds to Sheryl Sandberg, who serves as head of operations in the network, though his annual salary is $ 300,000 . If you think that the amounts are low compared to the money generated by the company, do not worry. Facebook’s top executives have significant amounts of shares that ensure them great fortunes.

Remember that Mark Zuckerberg is one of the youngest billionaires in the world with approximately 13,500 million dollars. What is striking about Facebook is that none of the frontline managers-including Zuckerberg, has an agreement for compensation in case of layoffs, popularly known as Golden Parachute (golden parachutes).

This means that if the executives lose their jobs not qualify to receive compensation in cash, stock or other benefits . It is a striking point because virtually all corporations established such agreements with its top employees.

None of the directors have to worry about possible layoffs because Facebook is going through its best. The social network has an estimated total valuation between 103.4 and 110 billion dollars , taking the price of the shares closed at $ 44 each.

Road | The Next Web .

Some days ago we told you Nintendo reduce the price of the 3DS from 12 August. The handheld console will drop from 250 to $ 170 economic losses due to has shown the company during the last quarter, and senior management expect that this measure will help sales rebound.

But the news does not end here. Satoru Iwata , the current president of Nintendo, took the blame for poor sales of the 3DS and WIN decided to cut his salary in half indefinitely . It is a story that surprising since usually corporate executives do not show gestures of this kind.

It is truly remarkable Iwata’s commitment to the company because they do not hesitate to put the chest to the bullets in front of an adverse situation. Addition this was the first quarter in the history of Nintendo that ended with losses , which makes clear that the Japanese businessman spares no efforts to solve any problem.

But as you can imagine, 50 percent of the salary of the president of Nintendo is not enough to recover the money lost by the low sales of the 3DS. For this reason also will cut income other senior executives in a figure to be between 20 and 30 percent.

to be seen whether these measures help Nintendo to lift the poor figures shown in the last quarter. Iwata said the company is working overtime to improve the game library for the new handheld console, since the lack of titles was one of the criticisms that has received the device.

Vía | TechCrunch | DigitalTrends.