FROM

business

Click link below picture

.

Facebook CEO Mark Zuckerberg reaped a gain of nearly $2.3 billion last year when he exercised 60 million stock options just before the online social networking leader’s initial public offering.

The windfall detailed in regulatory documents filed Friday saddled Zuckerberg, 28, with a massive tax bill. He raised the money to pay it by selling 30.2 million Facebook Inc. shares for $38 apiece, or $1.1 billion, in the IPO.

Facebook’s stock hasn’t closed above $38 since the IPO was completed last May. The shares gained 71 cents Friday to close at $26.85.

.

Zuckerberg Stock Options

Mark Zuckerberg, chief executive officer and founder of Facebook Inc., introduces Graph Search at Facebook headquarters in Menlo Park, California, U.S., on Tuesday, Jan. 15, 2013. (Noah Berger/Bloomberg via Getty Images)

.

.Click link below for story and slideshow:

http://www.huffingtonpost.com/2013/04/26/zuckerberg-stock-options_n_3166661.html?1367021008

.

____________________________________________________