Keeping Mark Zuckerberg safe last year cost Facebook $ 22 million



Facebook has paid an additional $ 13 million to its CEO for personal security and travel expenses in 2018, according to a proxy report filed Friday. This included a new $ 10 million pre-tax deduction for additional security costs such as security guards, equipment, services and home improvements.

"It is synonymous with Facebook and, therefore, the negative feeling towards our society is directly associated with Mr. Zuckerberg, and often transferred to him," the document says.

Like many wealthy CEOs, Zuckerberg earns an official salary of $ 1 a year. Neither has he received any bonuses or any allocation of shares in 2018. However, Zuckerberg's total compensation has increased from $ 9.1 million in 2017 to $ 22.6 million. dollars in 2018 to cover the increase in security costs for the high-level CEO.

The increase is partly the result of specific threats against Zuckerberg and From Facebook (FB) high visibility, according to the company.
Reed Hastings will leave Facebook's board of directors as competition with Netflix heats up

Facebook pays for the personal safety of Zuckerberg and his family at home and during his travels. In 2018, Zuckerberg's compensation program represented approximately $ 2.6 million for private jet travel, which the company said was part of the safety program.

The company is entering the second year of a series of apparently incessant scandals. After revelations, the Cambridge Analytica data company has collected information on 87 million Facebook users, to allow the spread of white supremacy and hate speech on the platform. These events attracted great exposure from the company and its 34-year-old co-founder.
Mark Zuckerberg of Facebook works with bodyguards in Germany in 2016.

"Mr. Zuckerberg is one of the most recognized leaders in the world, largely because of the size of our client base and our continued exposure to the attention of the media, legislators and regulators "the document says.

According to the filing, Facebook also increased by $ 1.1 million the sums invested in the personal safety of the head of the operation, Sheryl Sandberg.

Zuckerberg is one of the richest people in the world and is worth a little over $ 70 billion, according to the Bloomberg Billionaire index.


Source link