Chris Cox
Asa Mathat | Re / code
Chris Cox, Facebook’s Chief Product Officer, was paid about $ 69 million to rejoin the social media company in 2020.
Cox rejoined Facebook in June 2020 after a more than a year hiatus away from the company. Cox is a key moral leader at Facebook and one of the top strategic executives, coordinating how the company’s various services work together.
According to the company’s 2021 proxy statement, Cox earned more than $ 421,000 in salary, more than $ 691,000 in bonus and equity rewards with a fair value of nearly $ 68 million, which will vest over the next four years.
Cox’s salary and bonus were below his earnings in 2018, his last full year with the company. However, stock compensation had risen dramatically, with Facebook noting that the massive compensation was awarded in connection with Cox’s return to the company.
The company also notes that Cox will earn an additional cash prize of $ 4 million this year, payable within 30 days of the one-year anniversary of his return to Facebook.
In addition, the proxy states that Facebook paid Cox $ 90,000 while he was away from the company because he served as a strategic advisor.