Facebook Spent $23.4 Million in 2019 on Zuckerberg's Security and Air Travel

Fb Spent $23.Four Million in 2019 on Zuckerberg’s Safety and Air Journey

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File photo of Facebook CEO Mark Zuckerberg.

File picture of Fb CEO Mark Zuckerberg.

Mark Zuckerberg additionally required $2.95 million for personal plane prices.

  • IANS
  • Final Up to date: April 11, 2020, 11:01 AM IST

Fb spent $23.Four million on its CEO Mark Zuckerberg’s private safety and air journey final 12 months — $3.Four million up from what he obtained for safety and air journey in 2018. In accordance with a CNBC report citing Fb’s monetary submitting, the social networking large additionally spent $2.95 million for Zuckerberg’s personal air journey.

“The price consists of an extra $10 million required to guard him and his household. For comparability, Fb spent $9.95 million on personal safety in 2018 and $7.5 million in 2017,” in accordance with the monetary submitting by Fb submitted with the US Securities Change Fee (SEC) on Friday. Zuckerberg takes $1 as wage annually however his complete compensation was $22.6 million in 2018 — greater than double since 2017 when he made $9.1 million in complete compensation.

Fb’s chief working officer (COO) Sheryl Sandberg obtained a bit of over $875,000 in base pay, up from $843,000 in 2018. Sandberg took house $902,740 as a bonus, up from $638,000 in 2018, and $19.67 million in inventory awards. Sandberg private safety price $4.37 million in 2019, up from $2.9 million in 2018.

“Due to the excessive visibility of our firm, our compensation, nominating and governance committee has licensed an ‘total safety program’ for Mr Zuckerberg to deal with security issues because of particular threats to his security arising immediately because of his place as our founder, CEO, Chairman, and controlling stockholder,” learn the submitting.

“Our compensation, nominating and governance committee has additionally licensed a safety program for Ms Sandberg, together with sure private safety measures, to deal with security issues ensuing from her place as our COO,” it added.

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