Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Business

Meta approves plan for bigger executive bonuses following 5% layoffs

by admin February 22, 2025
February 22, 2025
Meta approves plan for bigger executive bonuses following 5% layoffs

Executives at Meta stand to get bigger bonuses this year. 

The company said in a corporate filing Thursday that it had approved “an increase in the target bonus percentage” for its annual bonus plan for executives. Meta’s named executive officers could earn a bonus of 200% of their base salary under the new plan, up from the 75% they earned previously, according to the filing. 

The updated bonus plan doesn’t apply to Meta CEO Mark Zuckerberg, the filing noted.

A committee for Meta’s board of directors approved the change on Feb.13 after determining that the “target total cash compensation” for its executives “was at or below the 15th percentile of the target total cash compensation of executives holding similar positions” at peer companies. 

“Following this increase, the target total cash compensation for the named executive officers (other than the CEO) falls at approximately the 50th percentile of the Peer Group Target Cash Compensation,” the filing said.

The disclosure of the new executive bonus plan comes a week after Meta began laying off 5% of its overall workforce. The company had previously said this would impact its lowest performers.

Meta also slashed its annual distribution of stock options by about 10% for thousands of employees, according to a report published Thursday by the Financial Times. The report noted that the stock option reduction may differ based on where the workers live and their position at the company.

Meta shares are up more than 47% over the past year and closed Thursday at $694.84, underscoring investor enthusiasm over the social media company’s growing sales in the digital advertising market and the potential for its artificial intelligence investments to eventually generate big returns.

The company said in January that its fourth-quarter revenue grew 21% year over year to $48.39 billion.

Meta did not reply to a request for comment.

This post appeared first on NBC NEWS

previous post
Europe’s closest ally is in bed with its worst enemy. Now what?
next post
CEOs want workers back in offices—this company is giving workers a $10,000 raise to do it

Related Posts

Costco and Teamsters reach tentative contract agreement, avoid...

February 3, 2025

Capital One and Discover merger approved by Federal...

April 20, 2025

Byron Allen puts broadcast TV stations up for...

June 4, 2025

Inside the $1 billion berry startup backed by...

April 24, 2025

X sees major outages as Musk claims ‘massive...

March 12, 2025

United Airlines reaches ‘industry-leading’ labor deal with flight...

May 25, 2025

IMAX CEO expects $1.2 billion in box office...

February 23, 2025

JPMorgan Chase CEO Jamie Dimon says DOGE ‘needs...

February 26, 2025

‘RFK’ing the french fries’: Steak ‘n Shake becomes...

March 18, 2025

Treasury ends enforcement of business ownership database meant...

March 4, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Trump’s state visit to the UK to take place this year, says Buckingham Palace

      June 26, 2025
    • Police fire teargas and water cannon at protesters in Kenya as thousands take to the streets

      June 26, 2025
    • Vacation selfies of a British woman ‘dripping in diamonds’ lead to her arrest for jewelry theft, police say

      June 26, 2025
    • Drug kingpin ‘Fito,’ Ecuador’s most wanted man, has been captured, says Ecuador’s president

      June 26, 2025
    • Vietnam to remove death penalty for embezzlement, sparing tycoon’s life

      June 26, 2025
    • Why Trump’s strikes on Iran will leave North Korea more determined than ever to keep its nukes

      June 26, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved