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Friday, 3 February 2012

$200 million for painting Facebook's first headquarters

David Choe, the guy in the video next to Mark Zuckerberg, was paid in Facebook stock for paintings at the company's first headquarters. His payout may be $200 million when it goes public. Some investors may make billions of dollars.

The artist was invited in 2005 to paint murals on the walls of Facebook’s first offices in Palo Alto by Sean Parker, then Facebook’s president. As pay, Parker offered Choe a choice between cash, or stock then worth about the same. Choe took Facebook stock instead of cash for painting the walls of the social network’s first headquarters. The shares owned by the artist, David Choe, are expected to be worth upward of $200 million when Facebook stock trades publicly later this year.

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