Monday, September 16, 2013

Greed is Good at Facebook


Yes, Mark Zuckerberg is back in the top 20 on the Forbes list of the 400 richest Americans. The Facebook co-founder and CEO saw his net worth double over the past year to $19 billion.

The reason for the "Greed is Good at Facebook" article title is that Zuckerberg owns over 20% of Facebook's outstanding common stock. This is truly amazing for a founder or co-founder of any public company to exert this much control and to have retained this percentage of shares.

The business press will not emphasize this, but your reliable reporters at Think Billions will.

Zuckerberg's net worth doubled because Facebook's stock has recovered nicely in 2013. It is as simple as that.

Facebook: the ultimate job security for Mark Zuckerberg.