Why the “Haves” Have More

Syndicated from post here.

Scott Winship, RealClearPolitics
On the day Facebook went public in 2012, Mark Zuckerberg made $2.3 billion from the exercise of his company stock options. That amount represented the difference between the cost to public investors for 60 million shares in the social media giant and what Zuckerberg had been given the right to pay as part of his compensation package in 2005. Later that year, Zuckerberg sold about half of those shares to pay taxes on the initial windfall. The appreciation in Facebook’s value since the IPO brought him another $1.1 billion in income from the sale.

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