The finish approves the plan of larger bonuses of the management of 5% of dismissals

Management in Finish Stand this year to get larger bonuses.

The company said in a corporation filing On Thursday, he approved the “increase in the value of the target bonus” for his annual bonus plan for the management. According to the notification, the mentioned executive directors can obtain a bonus of 200% of their basic salary under the new plan, compared to 75%, which they earned earlier.

The updated bonus plan does not apply to Mark Zuckerberg.

The Committee of the Council of Directors Meta approved the change on February 13. After establishing that “target total monetary remuneration” for his management “was or below 15. The target percentile of total monetary compensation occupying similar positions” in peer companies.

“After this increase, the target total monetary compensation for the listed executive directors (other than CEOs) decreases around 50. Percentile of the equivalent target group of monetary compensation,” said the application.

The disclosure of the new executive bonus plan appears a week after the meta began to pull out 5% of the overall labor force. The company earlier said that it would affect it The lowest contractors.

According to report Published on Thursday by the Financial Times. The report noticed that the reduction of inventory options may vary depending on where employees live and their position in the company.

The meta shares have increased by over 47% over the past year and closed on Thursday after USD 694.84, which emphasizes the enthusiasm of investors in connection with the development of social media company turnover on the digital advertising market and potential for him AI investments Finally, it generates large phrases.

The company said in January that it was Revenues from the fourth quarter It increased by 21% year on year to $ 48.39 billion.

The finish line did not answer the request for comment.

To watch: Which drives the Stock Run