The Financial Comet
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

The Financial Comet

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
SEC dropping crypto lawsuit, Coinbase says
next post
6 Mining and Energy Stocks Make Top 10 on 2025 TSX Venture 50 List

Related Posts

Domino’s Pizza finally launches stuffed crust to keep...

March 5, 2025

ESPN plans to add user-generated content to upcoming...

February 21, 2025

Prebiotic soda brand Olipop valued at $1.85 billion...

February 13, 2025

With Trump digital coins, billions of dollars —...

January 23, 2025

Amazon ‘anti-union propaganda,’ employee surveillance loom over labor...

February 18, 2025

Rare Michael Jordan, Kobe Bryant rookie jerseys expected...

March 7, 2025

Tesla denies report it’s looking to replace Elon...

May 3, 2025

GM cuts 50% of Cruise staff after ending...

February 6, 2025

Cargo thieves are attacking the U.S. supply chain...

May 11, 2025

JetBlue talking to ‘multiple airlines’ about a new...

February 21, 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.

    Editors’ Picks

    • 1

      Trump re-designates Iranian-backed Houthis as terrorists: ‘Threaten[s] security of American civilians’

      January 23, 2025
    • 2

      DeepSeek hit with large-scale cyberattack, says it’s limiting registrations

      January 28, 2025
    • 3

      Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

      January 23, 2025
    • 4

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • 5

      Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

      January 27, 2025
    • 6

      UnitedHealthcare taps company veteran Tim Noel as new CEO following Brian Thompson killing

      January 27, 2025
    • 7

      Lara Trump to host weekend show on Fox News

      February 7, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: thefinancialcomet.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 thefinancialcomet.com | All Rights Reserved