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Facebook roundup: IPO, Caffeinated Mind, hackathon, politicians

www.insidefacebook.com
Facebook seeks larger credit line, adds more banks for IPO - Reuters reports that Facebook is set to increase its $2.5 billion credit line ahead of the financial blow the company will suffer after employee stock awards vest. As such, it has hired Deutsche Bank, Credit Suisse Group and Citigroup to assist on its IPO,...
Facebook roundup: IPO, Caffeinated Mind, hackathon, politicians

This Is Microsoft? Check Out The Macs, Hacks, And Groovy Slacks (MSFT)

www.businessinsider.com
Yammer is a fun, funky place to work and Microsoft won't change that, cofounder and CEO David Sacks told Business Insider. And he's got the pictures to prove it. Take a look at life at Yammer as part of Microsoft >  Microsoft bought Yammer for $1.2 billion--both for its hot...
This Is Microsoft? Check Out The Macs, Hacks, And Groovy Slacks (MSFT)

Apple CEO Tim Cook's 2012 salary drops 99% without stock awards

appleinsider.com
Tim Cook's total compensation for being CEO of Apple in 2012 will be $4.17 million ? a number down 99 percent from 2011 because of a lack of stock awards....
Apple CEO Tim Cook's 2012 salary drops 99% without stock awards

Apple shareholders' meeting yields controversial votes

www.electronista.com
Apple has concluded today's annual shareholders' meeting, during which a number of proposals were voted on. Shareholders chose to re-elect the complete board of directors, and also approved items such as Apple's choice of accounting firm and a non-binding advisory vote on executive compensation. A measure that would've required executives...
Apple shareholders' meeting yields controversial votes

10 Things You Need To Know This Morning

www.businessinsider.com
Good morning! Here's the news: Marissa Mayer revealed in an SEC filing that she may not be returning cash to shareholders if Yahoo sells back its sake in Alibaba. This would give her more money for acquisitions. Mayer is also trying to poach Twitter's head of international markets to work...
10 Things You Need To Know This Morning
Markets | Facebook Grows Revenue 40 Percent on Mobile-Ad Spike

Sprint Chief Cuts Pay After Shareholder Criticism

allthingsd.com
Sprint Nextel Chief Executive Dan Hesse agreed to cut $3.25 million from his compensation after shareholders complained it didn’t reflect the hefty upfront expense of carrying the iPhone. Hesse, in a letter filed with the Securities & Exchange Commission Friday, said he was voluntarily cutting some short- and long-term bonuses...
Sprint Chief Cuts Pay After Shareholder Criticism

Here's Another Thing That Hurt Google's Earnings (GOOG)

www.businessinsider.com
We already know one reason Google's earnings came in light--Motorola was a bigger mess than expected. Here's another reason, and one that's not as easily fixed as Motorola. (Not that Motorola is an easy fix.) In its most recent quarter, stock-based compensation jumped 33 percent to $762 million from $571...
Here's Another Thing That Hurt Google's Earnings (GOOG)

Apple boss Tim Cook sees pay package shrink by 99%

www.guardian.co.uk
Tech firm CEO, who succeeded the late Steve Jobs, awarded compensation package of $4.17m - down from $378 in 2011Tim Cook has finally made it to the top at Apple, but in his first full year as CEO his pay package shrank about 99%.Cook, the successor to the late Steve...
Apple boss Tim Cook sees pay package shrink by 99%

Facebook COO Sheryl Sandberg made $30.9M in 2011

venturebeat.com
Facebook’s second in command COO Sheryl Sandberg was compensated millions more than any other Facebooker in 2011 — founder and CEO Mark Zuckerberg included. The social network’s leading lady took home $295,833 in base salary, $86,133 in bonus money, and $30.49 million in stock awards (an estimated value) for...
Facebook COO Sheryl Sandberg made $30.9M in 2011

Here's Who Will Become Filthy Rich If Square Is Really Worth $3.25 Billion

www.businessinsider.com
A state filing in Alaska by Square, the San Francisco-based mobile-payments startup, has given us a rare look at a private company's ownership. Square first reported its ownership to Alaska in 2011. But it just filed a biennial report updating those figures. The most stunning revelation: Square CEO and cofounder Jack Dorsey...
Here's Who Will Become Filthy Rich If Square Is Really Worth $3.25 Billion

Kleiner Perkins Didn't Want Ray Lane To Become So Involved In HP (HPQ)

www.businessinsider.com
HP's Executive Chairman Ray Lane says he took on a bigger day-to-day role at HP even though his partners at Kleiner Perkins Caufield & Byers didn't want him to. He told the story of how he went from chairman to executive chairman during the OnDemand 2012 conference held this...
Kleiner Perkins Didn't Want Ray Lane To Become So Involved In HP (HPQ)

The Price Of Loyalty: Color Employees Missed Out On Apple Millions (AAPL, GOOG, NOK)

www.businessinsider.com
Some employees of failed startup Color have it even worse than we initially believed. Leaving a steady job to join a startup is always a gamble, but Color employees were in a particularly dramatic situation. That's because many of them had previously worked with Color founder Bill Nguyen at Lala,...
The Price Of Loyalty: Color Employees Missed Out On Apple Millions (AAPL, GOOG, NOK)

Sprint CEO Hesse gets nearly $3 million pay bump in 2011

news.cnet.com
The chief executive saw his salary stay the same, but was awarded a bonus and stock awards that pushed his compensation to nearly $12 million. [Read more]...
Sprint CEO Hesse gets nearly $3 million pay bump in 2011

Here's what Microsoft is paying its new CFO Amy Hood

www.geekwire.com
Amy Hood Microsoft’s newly appointed chief financial officer, Amy Hood, will start at an annual base salary of $570,000, along with Microsoft stock valued around $6.5 million based on today’s share price, according to regulatory filings from the company today and last week. That’s in addition to a potential bonus...
Here's what Microsoft is paying its new CFO Amy Hood

How Yahoo's New COO Got His $62 Million Pay Package In 7 Simple Steps (YHOO, GOOG)

www.businessinsider.com
Last week, new Yahoo CEO made her first huge hire. She poached ad executive Henrique De Castro from Google to be Yahoo's COO. It wasn't easy convincing De Castro to join up. Mayer and Yahoo's board agreed to pay De Castro $62 million over the next four years. That's... $600,000...
How Yahoo's New COO Got His $62 Million Pay Package In 7 Simple Steps (YHOO, GOOG)
Social: Facebook Hits Earnings By the Skin of its Teeth

Sprint Boosts CEO's Total Pay

online.wsj.com
Dan Hesse's total 2011 compensation increased by 31% to $11.9 million, due largely to an increase in his stock awards and a cash bonus that ignored the expense of carrying Apple's iPhone....
Sprint Boosts CEO's Total Pay

Marissa Mayer Is Actually Yahoo's Second-Highest Paid Exec

www.businessinsider.com
Yahoo CEO Marissa Mayer gets 2012 pay package of $36.6 million, ranking behind top lieutenant SAN FRANCISCO (AP) -- Yahoo CEO Marissa Mayer emerged as the Internet company's second highest paid executive during her first five-and-half months on the job. Regulatory documents filed Tuesday revealed that Mayer received a pay...
Marissa Mayer Is Actually Yahoo's Second-Highest Paid Exec

Highlights from Apple's Preliminary Proxy Statement, Shareholders Meeting Questions

www.macrumors.com
Apple this week released a preliminary proxy statement in a filing to the SEC. The filing is an announcement of the 2013 annual stockholders meeting, as well as questions that will be voted on at the meeting and details of executive compensation arrangements. Among other things, the filing details CEO...
Highlights from Apple's Preliminary Proxy Statement, Shareholders Meeting Questions

HP CEO Whitman Earned One Dollar Plus $16 Million in 2011

allthingsd.com
Hewlett-Packard released its annual proxy statement this morning, which among other things gives a look at what its top five executives made last year. Here’s the rundown. CEO Meg Whitman, who upon becoming CEO agreed to take an annual base salary of $1 received more than $16 million worth of...
HP CEO Whitman Earned One Dollar Plus $16 Million in 2011

Apple CEO Tim Cook Receives Just $4.17M In Compensation In 2012, Versus $378M In 2011

techcrunch.com
Apple has filed a preliminary proxy statement with the SEC today ahead of its annual shareholder meeting for 2013, and it reveals executive compensation metrics for the company’s senior leadership. CEO Tim Cook is in line for the most drastic reduction in year-over-year pay outs, with annual compensation of ‘just’...
Apple CEO Tim Cook Receives Just $4.17M In Compensation In 2012, Versus $378M In 2011

Reed Hastings's Expensive Year

allthingsd.com
The good news for Reed Hastings: The Netflix CEO saw his total pay jump from $5.5 million to $9.3 million last year, the company revealed in a proxy filing today. The bad news: As everyone who pays any attention to the company knows, the company’s stock got hammered. So Hastings’s...
Reed Hastings's Expensive Year

Zuckerberg will take a $1 annual salary starting next year

www.insidefacebook.com
Mark Zuckerberg will take a $1 annual salary starting next year, mirroring other iconic public company founders like Apple’s founder Steve Jobs and Google co-founders Sergey Brin and Larry Page. Zuckerberg’s total compensation last year was $1.49 million off a base salary of $483,333. Chief operating officer Sheryl Sandberg...
Zuckerberg will take a $1 annual salary starting next year

Yahoo's Mayer Gets Hefty Pay Package

bits.blogs.nytimes.com
Yahoo said in a regulatory filing that it would pay Marissa Mayer, its new chief executive, a base salary of $1 million a year -- and then some. Ms. Mayer, 37, is eligible for a bonus of up to $4 million and a substantial package of stock awards....
Yahoo's Mayer Gets Hefty Pay Package

Apple 2013 Shareholder's Meeting: Directors Reelected, Company Working on 'New Categories'

www.macrumors.com
Apple's annual shareholder's meeting took place at the company's Cupertino campus this morning. The meeting is held to allow shareholders to address corporate officers and to handle certain corporate business like reelecting the board of directors and voting on certain proposals. According to CNBC's Jon Fortt, preliminary results show all...
Apple 2013 Shareholder's Meeting: Directors Reelected, Company Working on 'New Categories'
Newly appointed Craig Federighi and Dan Riccio awarded 75,000 shares of AAPL stock, currently worth $50.62 million

Microsoft Is Filled With Abusive Managers And Overworked Employees, Says Tell-All Book (MSFT)

www.businessinsider.com
Over the last few years, Microsoft has gained a reputation as a rough place to work. Ex-employees have publicly complained that the company is political and bureaucratic. Now a tell-all book published earlier this year depicts Microsoft as downright soul-crushing.  Stack Rank This! Memoirs of a Microsoft Couple  was written...
Microsoft Is Filled With Abusive Managers And Overworked Employees, Says Tell-All Book (MSFT)

Disgraced Ex-Yahoo CEO Scott Thompson Just Lost Another High-Profile Job

www.businessinsider.com
Poor Scott Thompson. Network equipment maker F5 just announced that Thompson is off its board, effective immediately, according to a filing with the SEC. No explanation was given. F5 is a public company and it paid Thompson $271,069 last year between cash and stock (and $260,516 in 2010). Thompson has...
Disgraced Ex-Yahoo CEO Scott Thompson Just Lost Another High-Profile Job

This Google Exec Walked Away From A $27 Million Offer From Groupon (GRPN, GOOG)

www.businessinsider.com
Mary "Margo" Margaret H. Georgiadis, Groupon's former COO, walked away from nearly $25 million in stock awards in order to become president/Americas at Google, according to an SEC filing.Georgiadis was only at Groupon for five months in 2011. Nonetheless, that still made her the highest-paid person, on paper, during fiscal...
This Google Exec Walked Away From A $27 Million Offer From Groupon (GRPN, GOOG)
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