Nick Clegg's salary at Facebook? $656k
How much is Facebook paying its vice-president of global affairs and communications in salary alone? According to the publicly accessible H1B visa database it's the sort of sum you might get as the managing director of an investment bank on Wall Street: $656k. This is more than FB has paid anyone else on an H1B visa so far.
Facebook's VP of global affairs and communications is, needless to say, Nick Clegg, the former British deputy prime minister. Clegg accepted the role this time last year and bought a $9m mansion in California in January 2019. However, the H1B visa database indicates that the visa for the VP of global affairs and communications was only cleared in May.
Facebook didn't respond to a request to comment on whether the visa holder really is Clegg. However, both the job title and the large salary suggest it almost certainly is.
Facebook is a big hirer of H1B visa holders. The company, which employs around 43,000 people in total has recruited around 2,000 H1B visa holders in the U.S. in 2019. The VP of global affairs and communications is by far the best paid on the list. The next best compensated is the VP of alternate and virtual reality partnerships, who was also granted a visa in May and who has a salary of $425k. In May, Facebook replaced Hugo Barra as VP of AR/VR with Erick Tseng, its previous director of product management.
While investment banks have plenty of vice presidents, Facebook has far fewer. VP is the top role below the C-suite at the technology firm. Most people who join Facebook therefore don't get this kind of salary. An executive communications manager hired in New York in August got $170k and front-end engineers and product designers in New York who've been hired on H1B visa this year typically got between $100k and $200k.
However, Clegg's apparent windfall is at least an indication that Facebook can be very generous to non-developer staff when it feels like it. Bankers looking for an exit may want to take note.
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