Facebook CEO Mark Zuckerberg’s 2013 Salary: $1

Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg will follow in the footsteps of other notable tech CEOs and take a base salary of $1 in 2013, taking one step toward slashing his tax burden.

Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg will follow in the footsteps of other notable tech CEOs and take a base salary of $1 in 2013, taking one step toward slashing his tax burden.

CNBC reported that other tech CEOs who made similar moves include Google’s Eric Schmidt and Larry Page, Apple’s late Steve Jobs, Oracle’s Larry Ellison, and Hewlett-Packard’s Meg Whitman.

According to CNBC, in order to lower his tax obligations to zero, Zuckerberg would have to waive any future cash bonuses or stock awards, as well as cease the use of Facebook services, such as aircraft and estate and financial planning, for personal use.

CNBC reported that Zuckerberg will earn a base salary of $600,000 in 2012, up from $500,000 in 2011, and he also received a $250,000 cash bonus in the first half of 2011.

CNBC

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