The Fortune and Power of Mark Zuckerberg

Among the deluge of Facebook articles currently in circulation, two are particularly interesting for their distinct focus on the man behind it all: twenty-seven-year-old Mark Elliot Zuckerberg, of White Plains, New York (at this stage, his saga certainly deserves some historicizing). The first, written by Somini Sengupta, appears in the New York Times; the second in the Los Angeles Times, and is written by perennial tech-beat savant Nathaniel Olivarez-Giles.

Sengupta highlights the degree of control that Zuckerberg has managed to retain at this significant stage of maturation for Facebook; as the company heads into its colossal IPO, Le Zuck holds approximately 60 percent of his company’s shares as well as three out of five board chairs — that means he has an almost unprecedented amount of control over a company of such proportions. Sengupta also discusses the important role former-Facebook president Sean Parker had in advising and guiding Zuckerberg to such levels of company power.

Olivarez-Giles shares that starting January 1, 2013, the person behind “frictionless sharing” will be paid only $1 dollar per year for his work as company CEO. Zuckerberg’s salary for 2012 is expected to be $600,000, but it’s unlikely he’ll be missing the six-figure salary since his personal fortune is about to rocket into the eleven-figure range, and the new token salary is a tradition among ultra-rich leaders — the late Steve Jobs from Apple, New York mayor Michael Bloomberg, and even Google CEO Larry Page have all received that loneliest of numbers as their base annual salary.

Read More:

http://www.nytimes.com/2012/02/03/technology/from-earliest-days-zuckerberg-focused-on-controlling-facebook.html?ref=technology&pagewanted=all

http://latimesblogs.latimes.com/technology/2012/02/mark-zuckerbergs-salary-dropping-to-1-in-2013-facebook-ipo-filing-says.html

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