Wed. Oct 23rd, 2019

Fb spent $20 million on Mark Zuckerberg’s safety final 12 months – CNET

Fb CEO Mark Zuckerberg

James Martin/CNET

It takes some huge cash to guard Mark Zuckerberg.

Fb on Friday stated it spent $20 million on private safety for the CEO, in line with an SEC submitting.

Like another founder-CEOs (together with Google’s Larry Web page and Apple’s late cofounder Steve Jobs), Zuckerberg solely takes a $1 wage every year. However his whole compensation was $22.6 million, spent totally on an “total safety program” for him and his household at dwelling and through private journey. That quantity greater than doubled since 2017, when he made $9.1 million in whole compensation.  

The corporate additionally stated it spent $2.6 million on non-public aircraft prices. The determine, which can also be included in his whole compensation, is up from $1.5 million a 12 months earlier than. Fb stated the plane bills went to constitution corporations and included “passenger charges, gasoline, crew, and catering prices.”

Fb additionally stated it spent $2.9 million on private safety for COO Sheryl Sandberg, up barely from the $2.6 million a 12 months earlier than. The corporate spent greater than $900,000 her non-public aircraft prices.

The social community declined to remark past the submitting. 

The spike in safety and journey prices come as Fb faces essentially the most tumultuous interval in its historical past. The social community has been below intense scrutiny for election interference, information misuse and being unable to police poisonous content material on its platform.

Fb additionally stated Friday it is shaking up its board. The corporate stated it will not renominate Netflix CEO Reed Hastings, and nominated Peggy Alford, PayPal’s senior vice chairman of core markets. If authorised on the firm’s annual stockholders assembly in Could, Alford could be the primary African-American girl to serve on Fb’s board of administrators.

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