Facebook spends $ 22.6 million to keep Mark Zuckerberg safe By Reuters




© Reuters. FILE PHOTO: Facebook founder and CEO Mark Zuckerberg will speak at the top of Viva Tech start-up and technology in Paris

(Reuters) – Facebook Inc (NASDAQ 🙂 has more than doubled the amount of its expenses for the safety of CEO Mark Zuckerberg in 2018 to reach $ 22.6 million, revealed a regulatory filing on Friday.

Zuckerberg received a base salary of $ 1 for the past three years and his "other" salary was $ 22.6 million, mainly for his personal safety.

Nearly $ 20 million was spent on the safety of Zuckerberg and his family, up from $ 9 million the previous year. Zuckerberg also received $ 2.6 million for personal use of private jets, which, according to the company, was part of its overall security program.

In recent years, Facebook has been outraged by the public for its role in Russia's presumed influence on the 2016 US presidential election. It was criticized after Cambridge Analytica obtained personal data from millions of Facebook profiles without consent.

Chief Operating Officer Sheryl Sandberg earned $ 23.7 million in 2018, compared to $ 25.2 million last year.

In addition, Facebook told Netflix (NASDAQ 🙂 that Reed Hastings, chief executive officer, would step down from his position on the board of the social media company and not be proposed for re-election.

The departure of Hastings comes at a time when the company based in Menlo Park reinforces its presence in the videos. Hastings has been on the Facebook board of directors since 2011.

The company also announced that it would appoint Peggy Alford's senior vice president of core markets, Peggy Alford, on its board of directors, in place of Emeritus chairman Erskine Bowles of the University. from North Carolina, who will not be re-elected.

Facebook shares closed at $ 179.07 on Friday night.

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