Bloomberg Law
April 10, 2020, 11:26 PM

Facebook’s First-Year General Counsel Earns $19 Million

Brian Baxter
Brian Baxter

Facebook Inc. general counsel Jennifer Newstead earned nearly $19.14 million in total compensation in her first year with the social media giant, according to a 2019 proxy statement filed by the company April 10.

Newstead did not immediately respond to a request for comment about her pay package, which was comprised of a $353,077 base salary, $2.29 million in bonuses, and $16.31 million in stock awards for 2019.

Facebook’s proxy said it agreed to give a $4 million sign-on bonus to Newstead after hiring her in May of last year to succeed Colin Stretch as general counsel. Newstead received $2 ...

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