Fcaebook CEO Mark Zuckerberg and other members sued by a shareholder for overpaying board members Mark Zuckerberg and other members of Facebook Incs board have been sued by a shareholder, on Monday, who claimed a policy letting them annually award directors more than $150 million of stock each if they choose is unreasonably generous, Reports, Reuters. Shareholder Ernesto Espinoza said in a lawsuit filed in Delaware Chancery Court that the board of Facebook paid non-employee directors an average of $461,000 last year in stock, which was 43 percent more than industry peers. telecomtiger/Corporate_fullstory.aspx?passfrom=breakingnews&storyid=20335§ion=S162
Posted on: Tue, 10 Jun 2014 07:59:08 +0000
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