Salary founder "VKontakte" Pavel Durov shocked shareholders

Salary founder “VKontakte” Pavel Durov shocked shareholders (3 photos)

According to the information, which has recently appeared online, shareholders and investors Ltd. “In Touch” extremely dissatisfied with wasteful spending CEO and founder of the social network “VKontakte” Pavel Durov, as well as wages, which he himself appointed. So, according to the latest data, the monthly salary Durov is neither more nor less – 5.76 million rubles. Encourage you to read on and learn about the “figures”, which began to leak to the press after the fund UCP, which owns 48% shares of the company initiated an internal investigation.

Internal inspection revealed that the founder of “VKontakte” Pavel Durov “spent € 2 million flights and appointed himself a salary 5.7 million rubles a month,” according to “Izvestia”.
According to “Izvestia”, the first salary Pavel Durov in “VKontakte” from January 22 to July 2, 2007 was 26,400 rubles a month, after which it rose to 115,000. In 2008, it increased to 345 thousand rubles a month, and in January 2010 – to 552 thousand. In May 2010 Durov salary doubled and amounted to 1.1 million rubles a month, and in 2011 – 2.3 million already in 2012 it rose to 3.5 million rubles, and a year ago, in March 2013th, its level reached 5.76 million per month.

1durov 01 Salary founder VKontakte Pavel Durov shocked shareholders (3 photos)

Check initiated owns 48% stake in the fund and UCP already known its first results:
According to the inspectors, founder and CEO of social network Pavel Durov without the consent of shareholders to increase their salaries several times, he also spent a significant portion of profits received by the Group in 2012 and 2013, for its own needs.
Total unfounded, according to the auditors, the costs amounted to about 273 million rubles. Experts believe that if they revealed abuse of power by the general director of the social network, there are grounds for criminal proceedings against him. However, they do not exclude that the check – part of the war for the company shareholders.
During the same period there was a fall in net profit of the company that the financial report Group explained, “the cost of investment in the team and infrastructure.”
Meanwhile, in the opinion of the auditors, such “costs of command” were unfounded, since they did not have the consent of holders of the parent structure – offshore “VK.KOM Holdings Limited.” According to the statute, LLC “In Touch”, it is necessary – if the salary increase to the Director, as well as any transaction over $ 100 thousand
2durov 011 Salary founder VKontakte Pavel Durov shocked shareholders (3 photos)

The result has been tested and found that only unreasonably accrued salary top-manager shareholders lost about 130 million rubles.
“According to internal audit Durov spent millions on charter flights. Geography movement is very broad: Oslo, London, Venice, New York. Only one flight from San Francisco to Munich cost 2.04 million rubles, and the second half of 2012 for various charters spent about 13 million rubles. Also charters were certainly cost hotels and entertainment: for the year 2012, these costs amounted to approximately € 2 million confirm the necessity of these expenses need production and development of social network auditors failed “- write” Izvestia “.
According to the auditors, only Durov himself two years spent about 273 million rubles – auditors consider these costs are unreasonable.
Press Secretary “VKontakte” commented George Lobushkin CPU on the information:
Publication of “Izvestia” again serves as a source of disinformation. No intermediate “test results” referenced “News” does not exist. “Credible details” given edition is simply untrue.
3durov 012 Salary founder VKontakte Pavel Durov shocked shareholders (3 photos)



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