Meta Zuckerberg, CEO of Meta appears at the Meta Connect event at Menlo Park, California on 25 September 2024.
David Paul Morris | Bloomberg | Getty images
executive Officer Meta Stand up to get a big bonus this year.
The company said in a corporate filing on Thursday that it had approved the “target bonus increase” for its annual bonus scheme for the authorities. Meta nominated executive officers can earn a bonus of 200% of their Aadhaar pay under the new scheme, from 75% already earned, according to the filing.
The update bonus scheme does not apply to Mark Zuckerberg, CEO of Meta, the filing noted.
A committee for the board of directors of Meta approved change on February. 13 that after determining that “target total cash compensation” for its officials, the target of the total cash of the officials holding the same positions in the peer companies The compensation was below or below the 15th percentage.
“After this growth, the target for the designated executive officers (apart from the CEO), the total cash compensation for the designated executive officers (apart from the CEO), comes on the Peer Group Target Cash Commentation,” said the filing.
The disclosure of the new executive bonus scheme comes after a week of meta when Meta started laying 5% of its overall workforce. The company earlier said that it would affect its lowest artists.
According to a report published by Financial Times on Thursday, Meta dropped its annual distribution of stock options to about 10% for thousands of employees. The report states that the decrease in stock-option may vary on the basis of where the workers live and the company has their position.
Meta’s shares are more than 47% as compared to the previous year and closed at $ 694.84 on Thursday, which outlines the enthusiasm on the growing sales of the social media company in the digital advertising market and finally big returns for their AI investment There is the ability to generate.
The company said in January that its fourth quarter revenue rose 21% to $ 48.39 billion at 21% year.
Meta did not respond to the remarks request.
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