ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The biggest reason for the CEOs to obtain this trend is none other than taxes. CEOs take this little amount of salary so that they can avoid paying a hefty sum as tax to the Government.

Detailed explanation-2: -The tech mogul’s salary is just $1 a year – but his earnings are far more. Zuckerberg ranks as the 16th richest person in the world on the Forbes billionaire list due to his shareholdings in Meta. In 2021 he received compensation from the company worth $27m.

Detailed explanation-3: -Facebook founder Mark Zuckerberg’s net worth fell $11 billion on Thursday to $36 billion as the company’s shares plummeted a day after it reported dismal quarterly earnings.

Detailed explanation-4: -Facebook founder Mark Zuckerberg has seen his net worth slashed by more than $100 billion this year, according to Bloomberg’s Billionaire Index, as Meta, Facebook’s parent company, faces investor pessimism about its future growth trajectory. The 38-year-old is now worth approximately $36 billion.