Mark Zuckerberg has decided he’s a $1-a-year man.
Bloomberg reports that Zuckerberg, who is Facebook’s chief executive officer and also the 22nd richest person in the world as ranked by the Bloomberg Billionaires Index, was paid $1 in salary for 2013, according to a regulatory filing with the U.S. Securities and Exchange Commission yesterday. That’s down from a base salary of $503,205 in 2012, the year that Facebook went public.
Zuckerberg is following the well worn path of other Silicon Valley technology moguls who also chose to take on the symbolic annual salary of $1 after they were already wealthy.
Apple’s late co-founder Steve Jobs helped popularize the practice, which is today also espoused by Google co-founders Larry Page and Sergey Brin, among others. All own sizeable equity stakes in their own companies.
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