Why Mark Zuckerberg's $1 Salary Means Nothing

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Last year, Mark Zuckerberg joined the most prestigious club of all. Current and former members include Apple's late Steve Jobs, 's and , Tesla's and NYC's departed mayor .

That's right – according to regulatory filings released yesterday, Zuckerberg is now a dollar-a-year man, receiving a salary of $1 for 2013. While he did not participate in the bonus plan, he received $653,164 for "other compensation," most of which went to cover bills for travel via private chartered jets.

Of course, other than a sign of prestige (the equivalent, say, of having your name recognized by Microsoft Word) Zuckerberg's new salary means nothing. He may have "requested that his base salary be reduced to $1 per year for 2013", but he also took home nearly $3.3 billion by exercising

In 2012, Zuckerberg's was paid a salary of $503,205 received $266,101 in bonuses plus an addition $1.22 million in "other compensation" for a total compensation of $1.99 million. Again though, that figure is irrelevant. Zuckerberg's real income from 2012 – the year went public -- was the $2.3 billion he made from stock options.

Related: Zuckerberg Selling Facebook Shares to Pay Off Hefty Tax Bill

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