I thought Mark Zuckerberg got a symbolic one-dollar salary or something, and most of his wealth comes from his ownership of Meta, not his job there? I may be misremembering this.
Yep. Almost all of his compensation is in shares. Important both for his total wealth, and also voting power. His currently owned shares give him around 60% voting power, which is the only way he’s been getting away with stupid moves like the failed metaverse project.
That amount of control over the company is also worth considerably more in the current era of rampant corruption. He is synonymous with Meta and is trying his hardest to solidify power as an oligarch.
I thought Mark Zuckerberg got a symbolic one-dollar salary or something, and most of his wealth comes from his ownership of Meta, not his job there? I may be misremembering this.
Yep. Almost all of his compensation is in shares. Important both for his total wealth, and also voting power. His currently owned shares give him around 60% voting power, which is the only way he’s been getting away with stupid moves like the failed metaverse project.
That amount of control over the company is also worth considerably more in the current era of rampant corruption. He is synonymous with Meta and is trying his hardest to solidify power as an oligarch.