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FB spent $20mn on Zuckerberg's security in 2018
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Top Stories |
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IANS | 13 Apr, 2019
Facebook spent $20 million on its CEO Mark Zuckerberg's personal
security last year -- four times more than what he received for security
in 2016.
In a filing with the US Securities Exchange Commission
(SEC) on Friday, Facebook said it spent $2.6 million on private plane
costs -- up from $1.5 million a year before, CNET reported.
The aircraft expenses went to charter companies and included "passenger fees, fuel, crew, and catering costs".
Zuckerberg
takes $1 as salary each year but his total compensation was $22.6
million in 2018 -- more than double since 2017 when he made $9.1 million
in total compensation.
Facebook spent $2.9 million on personal
security for its COO Sheryl Sandberg. The social networking giant spent
more than $900,000 on her private plane costs.
The hike in
security expenditure for its leaders is owing to Facebook facing the
heat for growing cases of election interference and data misuse on its
platform.
"Because of the high visibility of our company, our
compensation and governance committee has authorised an 'overall
security programme' for 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,"
read the company document.
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