Facebook shares may have been on a roller coaster ride in the year since they made their debut on Wall Street, but they haven’t been too shabby for its top executives. Mark Zuckerberg exercised stock options worth $2.3 billion, according to a proxy statement filed with the Securities and Exchange Commission late Friday — and sold about half, to cover his tax bill.
Profiting is a balanced affair for Facebook’s leaders:
Sheryl Sandberg, the company’s chief operating officer, retained her spot as the company’s best-paid executive for two consecutive years. She received total compensation of about $26 million in 2012, down slightly from nearly $31 million the year before.
So, how is management performing, since going public?
“Look in on Facebook from time to time,” I wrote earlier.
Here’s the firm’s stock chart:
|Facebook: Weekly Stock Chart|
Facebook IPO’d at $38 a share.
So, using stock performance as a measure, we know a lot more about this social media firm, now that the public can buy it, too.
Facebook is not performing well, according to investors.
Management is making out.