In a surprising revelation, Meta’s CEO, Mark Zuckerberg, was paid a base salary of just $1 in the fiscal year 2023.
This figure pales in comparison to the median salary of a Meta employee, which stands at approximately Rs 3 crore (about $379,000).
While the $1 base salary may raise eyebrows, it’s essential to note that Zuckerberg’s compensation package extends beyond this nominal amount. According to a recent proxy filing ahead of Meta’s annual shareholder meeting, Zuckerberg received a substantial sum of $24.4 million under “other compensation.”
The breakdown of this compensation reveals that a significant portion is allocated to cover expenses related to Zuckerberg’s security and private jet. Despite the symbolic $1 base salary, the additional compensation underscores the significant financial benefits Zuckerberg continues to receive as the head of Meta.
This revelation comes at a time of heightened scrutiny over executive compensation and income inequality, particularly within tech giants like Meta. While Zuckerberg’s base salary may be minimal, his total compensation package highlights the complexities and disparities within corporate pay structures.
