WhatsApp CEO’s exit from Facebook

WhatsApp CEO’s exit from Facebook

Jan Koum would relinquish 5.8 million Facebook shares, worth $997.5 million as of Monday's nearby, on the off chance that he cleared out before May 15, unless his exit is arranged as an automatic end or a justifiable reason abdication. 

Jan Koum's exit from Facebook Inc. could demonstrate exorbitant. A rapid flight may keep him from gathering as much as $1 billion in stock honors. 

The CEO of informing unit WhatsApp affirmed in a Facebook post Monday evening that he was leaving the organization. The declaration precedes the last three vesting dates of confined stock unit grants fixing to Facebook's $22 billion buy of WhatsApp in 2014. 

Koum, 42, got around 24.9 million limited offers as a major aspect of the arrangement. The stock vests in increases until late 2018, with 1.9 million offers because of vest in mid-May and mid-August, in addition to a last tranche of 2.1 million set to be issued in November. 

The honors are dependent upon regardless him being utilized through those dates. He would relinquish 5.8 million offers, worth $997.5 million as of Monday's nearby, in the event that he cleared out before May 15, unless his exit is arranged as an automatic end or a justifiable reason abdication, administrative filings appear. 

The exact conditions of his flight aren't yet clear. Facebook declined to remark on Koum's takeoff date. 

The Washington Post detailed before that Koum is leaving the organization subsequent to conflicting with Facebook over procedure, and that he additionally plans to leave the load up. The other fellow benefactor of WhatsApp, Brian Acton, likewise left as of late - and a month ago posted the #DeleteFacebook hashtag amid the informal community's embarrassment over client protection. 

Koum's choice might be made less demanding because of the $10.4 billion fortune he's now gathered, as indicated by the Bloomberg Billionaires Index. He's as of now sold $8 billion worth of Facebook stock since 2015, as indicated by information aggregated by Bloomberg. 

"It is the ideal opportunity for me to proceed onward," Koum said in the post. "I'm taking some time off to do things I appreciate outside of innovation, for example, gathering uncommon air-cooled Porsches, dealing with my autos and playing extreme Frisbee."