Facebook spends $ 22.6 million to protect Mark Zuckerberg

FILE PHOTO: Facebook founder and CEO Mark Zuckerberg will speak at the top of Viva Tech start-up and technology in Paris, France, May 24, 2018. REUTERS / Charles Platiau

(Reuters) – Facebook Inc. has more than doubled the money spent on the security of CEO Mark Zuckerberg in 2018 to reach $ 22.6 million, a regulatory filing revealed on Friday.

Zuckerberg received a base salary of $ 1 for the last three years and his "other" compensation was $ 22.6 million, primarily 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 profiles Facebook without consent.

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

In addition, Facebook said that Netflix CEO Reed Hastings would leave 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 Facebook's board of directors since 2011.

The company also announced the appointment of Peggy Alford, Senior Vice President, Key Markets, PayPal, to its Board of Directors, in the position of Emeritus President Erskine Bowles of the University of North Carolina, who will not be re-elected .

Facebook shares closed at $ 179.07 on Friday night.

Report by Sayanti Chakraborty in Bengaluru; Edited by Shounak Dasgupta and Cynthia Osterman

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