The Wall Street Journal: Facebook workers’ median pay tops $240,000 [MarketWatch]
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Source: MarketWatch
Facebook workers’ median pay tops $240,000 Facebook Inc. employees earned a median pay package of more than $240,000 last year while Chief Executive Mark Zuckerberg’s total compensation was more than $8.8 million, according to the social-media company’s 2017 proxy. Zuckerberg’s compensation of $8,852,366 was about 37 times higher than the average Facebook employee, according to the annual proxy filed late Friday. The company disclosed the pay ratio as part of a broader requirement of the postcrisis Dodd-Frank law that went into effect this year. As in years past, Zuckerberg’s base salary was $1 in 2017 and he didn’t receive a bonus or any equity rewards. But the 33-year-old billionaire’s security and travel costs rose 54% to roughly $8.85 million in 2017 as he embarked on a 30-state tour of the U.S. Facebook FB, +0.19% calculated the 37-to-1 pay ratio by comparing Zuckerberg’s compensation to that of a specific individual identified as a median worker. Facebook factored in the sala
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