Facebook spent $22.6 million to keep CEO Mark Zuckerberg and his family safe in 2018 – IBTimes India
Social networking service company Facebook Inc has disclosed in a regulatory filing that it spent $22.6 million on the security of CEO Mark Zuckerberg and his family last year. The filing disclosed that $9 million was spent in 2017. Zuckerberg also received $2.6 million for using his private aircraft.
According to TechCrunch, Zuckerberg was awarded $9,956,847 in 2018 as the pre-tax income for security and personal travel. He was given an extra $10 million for his family’s security.
One of the reasons for the steep increase toward the spending on Zuckerberg’s security was the flak that Facebook received for its alleged role in Russia’s involvement in the 2016 US Presidential elections as well as the Cambridge Analytica‘s procurement of millions of profiles to use for the elections.
“Because of the high visibility of our company, our compensation & governance committee has authorized an ‘overall security program’ for Mr. Zuckerberg to address safety concerns due to specific threats to his safety arising directly as a result of his position as our founder, CEO, Chairman, and controlling stockholder,” document released by Facebook said.
Zuckerberg had made headlines last week for being one of the top 10 CEOs of major companies to earn only $1 as his annual salary. The rest of the money he received was part of bonuses and compensations of the companies in the form of stocks and shares.
“I’ve made enough money. At this point, I’m just focused on making sure I do the most possible good with what I have. The main way I can help is through Facebook — giving people the power to share and connecting the world,” Zuckerberg was quoted as saying by CNBC.