Breaking News

Huge $3.1 billion payday at Facebook makes Sheryl Sandberg one of the richest women in the world, but will employees stay at the company?

0 0

  • Facebook’s operator Sheryl Sandberg earned  $7.4 million last week after receiving $401 million in company stock
  • Tech blogs are wondering if employees will  begin leaving the company after a huge $3.1 billion payday
  • Facebook’s stock closed on Monday at $21.16  a share, down from $45 when the company went public

By Damian Ghigliotty

PUBLISHED:23:05 EST, 5  November 2012| UPDATED:23:05 EST, 5 November 2012

 

 

She is certainly well on her way to becoming  the world’s richest woman.

Sheryl Sandberg, Facebook’s chief operating  officer, just took home a fat bundle of cash after receiving $401 million in  company stock and selling 2% of her shares for $7.4 million.

Her big reward was part of a $3.1 billion  dollar payday at the company last week after restrictions on insider trading  expired.

Making friends: Facebook Chief Operating Officer Sheryl Sandberg talks to the press at a Seoul, Korea hotel on September 14, 2012.Making friends: Facebook Chief Operating Officer Sheryl  Sandberg talks to the press at a Seoul, Korea hotel on September 14, 2012.

43-year-old Sandberg sold 339,512 of her  shares at about $21.10 each on Halloween, according to Bloomberg  News. She still owns close to 20  million shares of company stock.

The big question suddenly buzzing throughout  the tech community is whether Sandberg and other employees will stay at the  company for much longer.

Facebook workers can now pursue life-long  dreams they put on hold to work there without any financial  concerns, TechCrunch  notes.

Facebook’s stock has hovered around $21 a  share since July, down more than 50 per cent from a high of $45 when the company  went public in May.

Home base: Facebook's corporate headquarters in Menlo Park, California.Home base: Facebook’s corporate headquarters in Menlo  Park, California.

 

Inside look: Facebook employees at work inside the company's headquarters. 

Inside look: Facebook employees at work inside the  company’s headquarters.

Sandberg joined Facebook in 2008 and helped  build it into the world’s largest social networking site worth more than $50  billion. Some estimates put her total net worth around $2 billion.

Prior to joining Facebook Sandberg worked at  Google as vice president of operations and online sales. Prior to working at  Google she served as chief of staff for the U.S. Treasury Department.

Facebook’s first employees, including  28-year-old founder and chief executive Mark Zuckerberg, have been at the  company for almost nine years now.

Zuckerberg has promised to not sell any of  his Facebook shares before September 2013

Read more: http://www.dailymail.co.uk/news/article-2228500/Huge-3-1-billion-payday-Facebook-makes-Sheryl-Sandberg-richest-women-world-employees-stay-company.html#ixzz2BPhGOeCH Follow us: @MailOnline on Twitter | DailyMail on Facebook

About Post Author

Ralph Turchiano

I have a strong affinity for the sciences which led me to create my sites. My compulsion for the past decade has been reviewing literally every peer-reviewed research article. Which can easily be validated by following my posts. To me, science is where the real news is, as it will mold our destiny beyond that of politics or economics. 😉 Please feel free to e-mail: 161803p314159@gmail.com
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleppy
Sleppy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%
%d bloggers like this: