SILICON VALLEY CEOs JOIN RANKS OF FOOD STAMP, SECTION 8 BENEFICIARIES

Zuckerberg, Page and Brin
Zuckerberg, Page and Brin

San Jose, California – Top Silicon Valley CEOs and executives have applied for federal and county subsidy programs, according to leaked confidential documents from the Housing and Urban Development (HUD) and the County of Santa Clara.

Facebook CEO Mark Zuckerberg and Google co-founders Larry Page and Sergey Brin have all been pre-qualified and approved for the federal Section 8 housing and county food stamps programs.

Section 8 of the Housing Act of 1937, authorizes the payment of rental housing assistance to private landlords on behalf of approximately 3.1 million low-income households. It operates through several programs, the largest of which, the Housing Choice Voucher program, pays a large portion of the rents and utilities of about 2.1 million households. The US Department of Housing and Urban Development manages the Section 8 programs. Eligibility for the housing subsidy is determined based on annual gross income, elderly, disabled or family status.

The food stamp program is administered by counties and is basically a food subsidy for individuals and families that meet certain criteria, not the least of which is income level.

Donahue, left, and Mayer
Donahue, left, and Mayer

By virtue of their $1 a year salaries, Zuckerberg, Page and Brin have qualified for the housing and food subsidies.  Both HUD and the County of Santa Clara have sent notices to the three executives regarding their pre-qualification, according to the leaked documents.

Meanwhile, two other Silicon Valley CEOs, John Donahue II of eBay and Marissa Ann Mayer of Yahoo! are reportedly considering a pay cut to $1 a year so that they can be in the prestigious company of tech executives availing of government subsidy programs.

One thought on “SILICON VALLEY CEOs JOIN RANKS OF FOOD STAMP, SECTION 8 BENEFICIARIES”

  1. Seriously? This is criminal! As someone who works with the needy, this should NEVER be allowed! How ignorant, rude and cold-hearted can these people get? Wait…I am pretty sure they will come up with something worse…just not sure what right now!

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