Whoa: Facebook CEO reaped $2.3 Billion gain on stock options

It is quite painfully obvious that I am in the wrong business.

The Story:

SAN FRANCISCO AP — 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 leaders 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.Facebooks stock hasnt closed above $38 since the IPO was completed last May. The shares gained 71 cents Friday to close at $26.85.The 29 percent decline from Facebooks IPO price has cost Zuckerberg nearly $7 billion on paper, based on the 609.5 million shares of company stock that he owned as of March 31, according to the regulatory filing. His current stake is still worth $16.4 billion.

via Facebook CEO reaped $2.3B gain on stock options – Yahoo! Finance.

Being a protected minority has its perks, I suppose. Must be nice to be born into the right bloodline.