Facebook is one of the most profitable company ever. The CEO of the company, Mark Zuckerberg, made his millions because of his social networking site. So, there is no wonder why and no surprise why executives at Facebook also earn big.
According reports, Sheryl Sandberg, the Chief Operating Officer of Facebook is the highest-paid personel that receive a good $ 26.2 million last year. According to the statement submitted to the SEC on Friady, the COO receives a salary of $321,128 and a whopping bonus of $276,730. She also earned $25.6 million from stocks. It is actually a decline from the year before from $31 million, but does it even hurt? we don’t think so.
How about the CEO? Mark Zuckerberg, one of the youngest self-made millionaire, earned about $2.3 billion in 2012 from the 60 million stocks he used before announcing the first stock offering in the public on May. He easily raised money for his tax bill in 2012 through selling 30.2 million shares for $38 each, now you do the math and figure how much he made.
His pay last year was just under $2 million, that is still more than double than the COO makes. And like any other millionaires, he also bought a private jet for his travels.
Apple Inc. faces another problem.
After all of the recent dilemmas in stocks, the popular super tech giant Apple Inc. falls from the top spot in the list of Forbes’ “World’s Most Admired Companies.” The publication will be released later within this week in its list of 2013 rankings.
Brad Chases, a contributor for Forbes, have written on the change of the rankings. To quote what he has written:
“The company isn’t going to disappear anytime soon. But the value of the once-invincible brand is teetering on the edge of a long, steady drop. Apple’s well-documented approach to fostering a virtual community and establishing an open and transparent dialogue with its customers has been one of the leading drivers in its success. And now it is the cause of its inevitable demise.”
Furthermore, the conrtibutor added that the complete success of the company seems to be drifting away in a lot of ways. Past issues such as glitches, high prices, and missed deadlines were just mere nuisance for the tech giant.
On the other hand, an annual shareholders’ meeting was held by Apple Inc. on Wednesday. The company confirmed that they will be releasing new products for 2013.
Apple Inc.’s shares were up to 1.40 percent at $449.27.
The webOS software found a new home.
The famous webOS software of Hewlett-Packard is already sold to LG Electronics, a South Korean electronics company.
On Monday, the deal was announced by HP, which has gotten the company off of the centerpiece of its unfortunate purchase of $1.8 billion for Palm Inc. three years ago.
In 2011, HP used webOS as the facilitator into the tablet computer and smartphone market as well. However, the company immediately got rid of the mobile devices that runs on the software along with the failing revenues. As a result, HP decided to stop the development of the webOS for its own products and to give away the principal technology as open-source software for programmers everywhere in order to change for their personal necessities and prerequisites.
On the other hand, LG Electronics has larger plans for the software. Primarily, the webOS will be combined with a new line of Internet-connected televisions from the company. If this event becomes successful, then LG will consider selling household appliances and other gadgets running on webOS. The main concept of LG is to create a so-called “smart” home.
Moreover, along with the commitment of LG to webOS, the team of engineers who had been working on the software for HP will also be acquired by the company. However, it is not known if LG will also take over of the team’s offices or will move them to other locations.
Hewlett-Packard’s stocks recently dropped thirteen cents to close at $19.07.
The manufacturer of the Blackberry PlayBook postponed an update for the tablet pc’s os until the coming year.
RIM stated it is expecting to produce the update in February.
Research In Motion has confessed that the income of the unit are less than it expected. It recognized consumers wish native email, and contact apps.
The expected update targets to provide these features.
The company’s blog explained the decision as “difficult”, however guaranteed the modification allows the company’s mobile phones and tablet pc’s to interact much better.
Research in Motion stocks dropped about 6% according to the news.
On the otherhand…
Currently customers can’t access emails from Blackberry from the tablet pc’s unless of course the units are associated with one of the company’s smartphones featuring its Bridge program.
The company also stated it they took the decision to delay the addition of a BBM im software till the release later on.
On the other hand, Research in motion stated it they were planning to offer companies the cabability to control their employees’ tablet pc’s from a centralised server and also to offer employees custom-built apps through Blackberry App World store in the OS 2.0 download.
Experts explained the news might be harmful to product sales over the holidays.
“It is a big setback for them. When they launched the tablet they tried to walk the line between a consumer device and an enterprise device,” according to Jon Erensen, a specialists from Gartner.
“People were hoping the initial limitations would be corrected with the update by now. The delay means they fall even further behind.” he added.
Google had recently recommended purchasing Motorola Mobility at the cost of $12.5 billion, at the price of $40 each share. As stocks of Motorola closed at $24.47 when the agreement was made public, the costs have increased since then and have traded over $38 most of the time. While most of the 63% premium agreed upon by Google a little too steep, John W. Keating, a Motorola Mobility shareholder, does not seem to repeat the same sentiment. He feels that the Mountain View based firm is purchasing Motorola Mobility for “pennies on the dollar.”
John W. Keating is filing a complaint in the state courthouse in Chicago against both Motorola and its CEO Sanjay Jha. The suit as well names Google and the other 9-member Motorola Mobility board as defendants. John believes that the cost of $12.5 billion is not good enough keeping in mind the 17,000 patents presently held by Motorola and their significance to Google, together with the present market cost of the company.
The lawsuit argued Motorola was just beginning to bear fruit from the restructuring this year that split the company in two. Since they will be cashed out by the choice to sell, investors are missing out.
The complaint said, “Instead, any economic upside will enrich Google.”
Keating as well criticized the board members, alleging they disobeyed their responsibility to shareholders, and blamed Google to help and abet an infringement of these responsibilities. According to Keating, he would as well look for class action, and requested the court to forbid the close of the transaction.