Meta approves bonuses of up to 200% for company executives

MT HANNACH
4 Min Read
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Facebook Parent Company Meta Recently announced that he had approved bonuses up to 200% for business leaders.

In a file with the Securities and Exchange Commission (SEC) dated February 13, Meta said that her Committee for Compensation, appointment and governance (CNGC) approved an increase in the percentage of target bonuses for managers appointed other than The CEO Mark Zuckerberg.

The change increases the bonuses of 75% of the basic salary of the director general at 200% of their salary, and would begin to take effect with the annual performance period of the company 2025.

“By approving this increase, the CNGC estimated that the total target cash remuneration for members of senior management named (other than the CEO) was in the 15th centile or total remuneration in target cash for managers occupying similar to the posts similar to Group of peers companies that the Benchmarks company against the purpose of remuneration for managers, “said Meta.

The meta-PDG Mark Zuckerberg says “all that I say leak” of internal meetings: “it sucks”

Meta-siège

Meta announced a modification of its executive bonus structure which will allow managers appointed that the CEO to receive 200% of their salary, against 75%. (Photographer: David Paul Morris / Bloomberg via Getty Images / Getty Images)

With change, total cash compensation for non-CEOs Meta executives “Fall about the 50th centile of the peer group targets compensation in cash.”

Teleprinter Security Last Change Change %
Meta Meta Platforms Inc. 687.24 -7.60

-1.09%

The higher bonuses occur after the meta reported in mid-January that it Reduce 5% of his workforce Based on performance. Zuckerberg said in a memo that: “I decided to raise the performance management bar and move performance more quickly.”

“We generally manage people who do not meet expectations during a year, but we are now going to make larger cuts based on performance during the year,” he said.

Meta reducing 5% of the workforce depending on the performance

The meta-PDG Mark Zuckerberg made an opening speech during the annual Meta Connect event at the company's headquarters in Menlo Park, California, September 25, 2024.

Metal-PDG, Mark Zuckerberg, recently announced that the company would reduce 5% of its workforce according to performance. (Reuters / Manual Orbegozo / Reuters)

Meta said he was planning to reach 10% of “unregable” attrition before the end of his current performance cycle. This figure includes approximately 5% non -re -re -engageable attrition from 2024, according to memo.

Meta, which is also the Instagram parent companyWhatsApp and Oculus in addition to Facebook, have seen its stock increase by around 14.8% since the start of the year.

Last month, Zuckerberg said that the company planned to invest up to $ 65 billion in the company Artificial Intelligence (AI) Initiatives.

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He wrote in an article on Facebook that 2025 “will be a decisive year for AI”, and said that he expects the “meta-ai of the company will be the main assistant serving more A billion people, Llama 4 will become the main model state of art, and we will build an AI engineer who will begin to contribute to increasing quantities of code to our R&D efforts.

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