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Facebook’s median pay tops $240,000—here's how that compares to 30 other big Bay Area employers

Many of Silicon Valley's biggest tech companies pay a typical worker well into the six figures — or in the case of Facebook, a whopping $240,430. That's $43,000 more than what Google parent Alphabet Inc. pays a typical worker, according to the latest Silicon Valley Business Journal analysis of public company filings.

We've been keeping tabs on how much the region's biggest publicly traded employers pay their median worker. The figures on worker pay and how that compares with CEO compensation are from company filings with the U.S. Securities and Exchange Commission.

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Median pay at big Bay Area employers

As more public companies are required to disclose median worker pay, we look at which big Bay Area tech employers pay their employees the most — and least. Here's the ranking, from lowest to highest.

1. Cypress Semiconductor

  • HQ: San Jose
  • Median pay: $44,846
  • CEO: Hassane El-Khoury
  • CEO compensation: $6,429,446
  • CEO-to-employee pay ratio: 143-to-1

2. Tesla

  • HQ: Palo Alto
  • Median pay: $49,920
  • CEO: Elon Musk
  • CEO compensation: $54,816
  • CEO-to-employee pay ratio: 1.1-to-1

3. Yelp

  • HQ: San Francisco
  • Median pay: $59,298
  • CEO: Jeremy Stoppelman
  • CEO compensation: $10,076,821
  • CEO-to-employee pay ratio: 170-to-1

4. Wells Fargo & Co.

  • HQ: San Francisco
  • Median pay: $60,446
  • CEO: Tim Sloan
  • CEO compensation: $17,400,000
  • CEO-to-employee pay ratio: 291-to-1

5. PayPal Holdings

  • HQ: San Jose
  • Median pay: $70,228
  • CEO: Daniel Schulman
  • CEO compensation: $19,218,634
  • CEO-to-employee pay ratio: 274-to-1

6. Dell Technologies

  • HQ: Round Rock, Texas
  • Median pay: $83,139
  • CEO: Michael Dell
  • CEO compensation: $2,755,901
  • CEO-to-employee pay ratio: 33-to-1

7. Advanced Micro Devices

  • HQ: Santa Clara
  • Median pay: $89,909
  • CEO: Lisa Su
  • CEO compensation: $10,894,821
  • CEO-to-employee pay ratio: 121-to-1
Dell Computers regional headquarters  in Santa Clara, California.
Smith Collection/Gado | Archive Photos | Getty Images
Dell Computers regional headquarters  in Santa Clara, California.

8. Electronic Arts

  • HQ: Redwood City
  • Median pay: $96,336
  • CEO: Andrew Wilson
  • CEO compensation: $35,728,764
  • CEO-to-employee pay ratio: 371 to 1

9. Charles Schwab Corp.

  • HQ: San Francisco
  • Median pay: $98,152
  • CEO: Walt Bettinger
  • CEO compensation: $14,348,737
  • CEO-to-employee pay ratio: 146 to 1

10. Intel Corp.

  • HQ: Santa Clara
  • Median pay: $102,100
  • CEO: Brian Krzanich **
  • CEO compensation: $21,544,700
  • CEO-to-employee pay ratio: 211 to 1

** Krzanich was Intel's CEO from May 2013 until June 2018, when he resigned. The company had not yet named a permanent successor as of the publication of this story.

11. Netgear

  • HQ: San Jose
  • Median pay: $105,318
  • CEO: Patrick C.S. Lo
  • CEO compensation: $4,575,392
  • CEO-to-employee pay ratio: 43 to 1

12. Autodesk

  • HQ: San Rafael
  • Median pay: $115,892
  • CEO: Andrew Anagnost
  • CEO compensation: $12,345,706
  • CEO-to-employee pay ratio: 107 to 1

13. Equinix

  • HQ: Redwood City
  • Median pay: $119,045
  • CEO: Stephen Smith **
  • CEO compensation: $12,681,869
  • CEO-to-employee pay ratio: 107 to 1

** Smith was Equinix's CEO from April 2007 until January 2018, when he resigned. Peter Van Camp is the company's CEO as of August 2018.

eBay's headquarters in San Jose, California, U.S.
Bloomberg |  Getty Images
eBay's headquarters in San Jose, California, U.S.

14. eBay

  • HQ: San Jose
  • Median pay: $122,891
  • CEO: Devin Wenig
  • CEO compensation: $17,590,833
  • CEO-to-employee pay ratio: 143 to 1

15. VMware

  • HQ: Palo Alto
  • Median pay: $137,712
  • CEO: Patrick Gelsinger
  • CEO compensation: $17,675,109
  • CEO-to-employee pay ratio: 128

16. Chevron Corp.

  • HQ: San Ramon
  • Median pay: $137,849
  • CEO: John Watson **
  • CEO compensation: $24,781,568
  • CEO-to-employee pay ratio: 180 to 1

** Watson is Chevron's former CEO and retired in February 2018. Michael Wirth is the company's current CEO.

17. BioMarin Pharmaceutical

  • HQ: Novato
  • Median pay: $140,140
  • CEO: Jean-Jacques Bienaime
  • CEO compensation: $15,916,985
  • CEO-to-employee pay ratio: 114 to 1

18. Zynga

  • HQ: San Francisco
  • Median pay: $140,382
  • CEO: Frank Gibeau
  • CEO compensation: $1,735,000
  • CEO-to-employee pay ratio: 12 to 1

19. Nvidia Corp.

  • HQ: Santa Clara
  • Median pay: $147,640
  • CEO: Jensen Huang
  • CEO compensation: $12,993,532
  • CEO-to-employee pay ratio: 88 to 1

20. GoPro

  • HQ: San Mateo
  • Median pay: $151,857
  • CEO: Nick Woodman
  • CEO compensation: $800,147
  • CEO-to-employee pay ratio: 5.3 to 1
Employees work at the Square Inc. headquarters in San Francisco, California, U.S.
Bloomberg | Getty Images
Employees work at the Square Inc. headquarters in San Francisco, California, U.S.

21. Square

  • HQ: San Francisco
  • Median pay: $152,265
  • CEO: Jack Dorsey
  • CEO compensation: $2.75
  • CEO-to-employee pay ratio: 1 to 55,300

22. Salesforce.com

  • HQ: San Francisco
  • Median pay: $155,284
  • CEO: Marc Benioff
  • CEO compensation: $4,653,362
  • CEO-to-employee pay ratio: 30 to 1

23. Intuitive Surgical

  • HQ: Sunnyvale
  • Median pay: $157,491
  • CEO: Gary Guthart
  • CEO compensation: $5,060,220
  • CEO-to-employee pay ratio: 32.1 to 1

24. Arista Networks

  • HQ: Santa Clara
  • Median pay: $160,048
  • CEO: Jayshree Ullal
  • CEO compensation: $7,923,779
  • CEO-to-employee pay ratio: 50 to 1
Pedestrians use mobile phones while walking past Twitter Inc. headquarters in San Francisco, California, U.S.
Bloomberg | Getty Images
Pedestrians use mobile phones while walking past Twitter Inc. headquarters in San Francisco, California, U.S.

25. Twitter

  • HQ: San Francisco
  • Median pay: $161,860
  • CEO: Jack Dorsey
  • CEO compensation: $0
  • CEO-to-employee pay ratio: 0 to 161,860

26. Xilinx

  • HQ: San Jose
  • Median pay: $165,762
  • CEO: Victor Peng
  • CEO compensation: $4,652,905
  • CEO-to-employee pay ratio: 28 to 1

27. ServiceNow

  • HQ: Santa Clara
  • Median pay: $180,049
  • CEO: John Donahoe
  • CEO compensation: $45,062,616
  • CEO-to-employee pay ratio: 250 to 1
Netflix staff work at Netflix headquarters in Los Gatos, California.
Glenn Chapman | AFP | Getty Images
Netflix staff work at Netflix headquarters in Los Gatos, California.

28. Netflix

  • HQ: Los Gatos
  • Median pay: $183,304
  • CEO: Reed Hastings
  • CEO compensation: $24,377,499
  • CEO-to-employee pay ratio: 133 to 1

29. Box

  • HQ: Redwood City
  • Median pay: $181,100
  • CEO: Aaron Levie
  • CEO compensation: $275,200
  • CEO-to-employee pay ratio: 1.51 to 1

30. Alphabet

  • HQ: Mountain View
  • Median pay: $197,274
  • CEO: Larry Page
  • CEO compensation: $1
  • CEO-to-employee pay ratio: 1 to 197,274

31. Facebook

  • HQ: Menlo Park
  • Median pay: $240,430
  • CEO: Mark Zuckerberg
  • CEO compensation: $8,852,366
  • CEO-to-employee pay ratio: 37 to 1

Among our other findings:

• Software companies dominate the highest slots on the list. Along with Facebook and Google, Netflix, Twitter and cloud storage business Box are all near the top.

• Silicon may be what gave the Valley its name, but semiconductor companies tend to fall lower on the median compensation scale. That's because for some, like Intel Corp., a large part of the workforce is in chip manufacturing, not the research, design and engineering jobs that tend to be concentrated in Silicon Valley. That also helps to explain why the median worker at Intel worker makes $45,540 less per year than his or her peer at smaller rival Nvidia Corp.: While Nvidia is a fabless chipmaker, Intel's global manufacturing workforce — which is largely concentrated at its plant outside Portland, Oregon — is factored into its median employee pay figure.

• Two of the Bay Area's other chipmakers — Cypress Semiconductor Corp. and Advanced Micro Devices — also pay their median worker less than $100,000. San Jose-based Cypress notes that of its approximately 6,000 global employees, more than half are in manufacturing and fewer than 2,000 work in the U.S. The rest are in Thailand, the Philippines, India and Japan.

• Two of the U.S.' biggest household names — Wells Fargo & Co. and Chevron Corp. — are headquartered in the Bay Area but also employ the vast majority of their workers elsewhere, in lower-cost markets, no doubt pulling down their median pay figures as well.

Notes on methodology:

• Median pay means half of the company's employees, not including the CEO, make less, and half make more.

• This data is due to new financial reporting rules that require many U.S. public companies to calculate and disclose median worker pay, and how that compares to the CEO's compensation, in their filings with the U.S. Securities and Exchange Commission.

• In calculating that figure, the companies notably don't account for the lavish workplace perks that many Bay Area tech employers are known for, including free daily catered meals, unlimited snacks and on-campus gyms and laundry facilities.

• At some companies, like Facebook and Google parent Alphabet, median pay includes the value of restricted stock units and other employee benefits.

• Many of the region's biggest tech employers — including Apple, Inc., Cisco Systems, Oracle Corp. and Adobe Systems — have not yet disclosed their median pay figures. We'll report again as they disclose those numbers.

— Reporting intern Matthew Niksa contributed research.

This article originally appeared on Silicon Valley Business Journal.

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