Yes, median pay at Facebook really is about $240,000 a year

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A law that requires public companies to disclose the median pay of their employees and compare it with their CEO’s compensation is producing some eye-popping numbers that spotlight income inequality in America.

Among the 40 largest Bay Area companies that have reported, median employee pay last year ranged from $5,375 at Gap to $240,430 at Facebook.

At Facebook, spokesman Anthony Harrison said $240,430 “is absolutely representative” of employee pay. It includes restricted stock units, which almost all employees get. It does not include the pay of shuttle drivers, security guards, janitors or other outsourced workers that “handle services that are not core to our business.”