FACEBOOK‘S ZUCKERBERG PAID RECORD $2.2 BILLION … Facebook chief Mark Zuckerberg set a new record for corporate compensation in 2012 with a package worth more than $2.278 billion, according to a survey by a corporate governance firm. The report by GMI Ratings showed Zuckerberg’s salary of $503,000 and bonus of $266,000 were eclipsed by stock options worth some $2.27 billion. This was the first year the survey found any chief executive collected more than $1 billion, according to the GMI report released Tuesday. – Sydney Morning Herald/AFP
Dominant Social Theme: Facebook is just great and Mark Zuckerberg deserves every penny.
Free-Market Analysis: Facebook is an example of how corporate America has gone off the proverbial tracks. It is, unfortunately, a powerful signifier about how finance works in the 21st century, in the West anyway.
But there are other lessons having to do with the affiliations of companies such as Facebook and Google. These companies have been directly identified as being entangled with US Intel and there are certainly suspicions about Microsoft as well. Despite certain agonized denials, the NSA scandals have shown clearly how closely Silicon Valley works with the US government.
Read the rest via The Daily Bell – Facebook: Changing the Face of Mercantilism.
- Facebook Changing the Face of Mercantilism (thedailybell.com)
- Mark Zuckerberg Was Highest Paid U.S. CEO of 2012 (mashable.com)