Current Events Articles

AZ Central

Facebook CEO reaped $2.3B gain on stock options

April 26, 2013

SAN FRANCISCO -- Facebook CEO Mark Zuckerberg reaped a gain of nearly $2.3 billion last year when he exercised 60 million stock options just before the online social networking leader's initial public offering. The windfall detailed in regulatory documents filed Friday saddled Zuckerberg, 28, with a massive tax bill. He raised the money to pay it by selling 30.2 million Facebook Inc. shares for $38 apiece, or $1.1 billion, in the IPO.

Read entire article on AZ Central
« Previous Article Next Article »

More From Current Events Articles

  • W+K's Journey With Heineken Leads to Grand Prix in Creative Effectiveness
  • Neil Patrick Harris Returning to Broadway in 'Hedwig'
  • Neil Patrick Harris Will Star in a Broadway Version of Hedwig and the Angry Inch
  • Write a Story/Review about this topic

    Post a Comment

     

    Best of Luxury

    Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
    View All Best of Luxury
    THINGS WE LIKE