Wednesday, February 1, 2012

Mark Zuckerberg Spends $700 000 on Private Jet

Once Facebook's IPO was released some interesting expenses were shown. This includes Mark Zuckerberg spending $700 000 on private jet expenses.

These expenses were “chartered in connection with his comprehensive security program and on which family and friends flew during 2011.” The $700 000 includes fuel, crew, catering, and more. 

Mark Zuckerberg's salary last year was $483 333 plus a bonus of $220 500. The $700 000 was considered "other compensation." Another $90 850 was for “costs related to estate and financial planning.” 

The total "other compensation" was totalled at $783 529. That is on top of Zuckerberg's initial salary plus the "bonus" of $220 500.

Mark Zuckerberg is spending an awful lot on things which really aren't needed. I wonder what the outcome will be of this since everybody now knows about it.

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