Last year, Facebook spent $ 20 million on Zuckerberg's personal protection – TechCrunch



2018 was a very difficult year for Facebook . The company, which has spent the year under the shock of the Cambridge Analytica scandal and the growing anger of the population, has also had to deal with an animosity towards the company's founder and has given its leader a lot of attention. Money to manage all the security details itself. and his family.

While Facebook CEO Mark Zuckerberg takes an annual salary of $ 1 and does not earn annual bonus, it receives millions "other remunerations" largely related to the costs of security. In a SEC document released this afternoon, the company reveals that Zuckerberg had earned more than $ 22 million in "other compensation" in 2018, up from more than $ 9 million in 2017.

Approximately $ 2.6 million in the 2018 figures represent an allowance for Zuckerberg's private trip on a private jet, but nearly $ 20 million of that amount is related to Zuckerberg's personal safety costs.

He was credited with a $ 9,956,847 pre-tax income for security related to his personal travel and living protection. In addition, the company offers him another $ 10 million pre-tax rebate to cover "extra costs" related to the personal safety of his family. All this amounts to almost three times the cost of personal protection that he had in 2017.

"Because of the high visibility of our company, our Compensation and Governance Committee has authorized a" comprehensive security program "for Mr. Zuckerberg to address security concerns arising from specific security threats directly from its position of founder, CEO, chairman and majority shareholder, "reads in the document of the company.

An allowance from the personal safety program was also paid to Sheryl Sandberg, Facebook's chief operating officer, who had earned $ 3.8 million in "other compensation" in 2018, including $ 2.9 million. dollars to cover his personal security costs.


Source link