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Facebook spent USD 20 million on Zuckerberg's security in 2018

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Published : Apr 13, 2019, 5:48 PM IST

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.

Mark Zuckerberg, Facebook CEO

San Francisco: Facebook spent USD 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 USD 2.6 million on private plane costs -- up from USD 1.5 million a year before, CNET reported.

The aircraft expenses went to charter companies and included "passenger fees, fuel, crew, and catering costs".

Read more:RCom denies report on 143.7 million euro tax waiver after Rafale deal announcement

Zuckerberg takes USD 1 as salary each year but his total compensation was USD 22.6 million in 2018 -- more than double since 2017 when he made USD 9.1 million in total compensation.

Facebook spent USD 2.9 million on personal security for its COO Sheryl Sandberg. The social networking giant spent more than USD 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.

San Francisco: Facebook spent USD 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 USD 2.6 million on private plane costs -- up from USD 1.5 million a year before, CNET reported.

The aircraft expenses went to charter companies and included "passenger fees, fuel, crew, and catering costs".

Read more:RCom denies report on 143.7 million euro tax waiver after Rafale deal announcement

Zuckerberg takes USD 1 as salary each year but his total compensation was USD 22.6 million in 2018 -- more than double since 2017 when he made USD 9.1 million in total compensation.

Facebook spent USD 2.9 million on personal security for its COO Sheryl Sandberg. The social networking giant spent more than USD 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.

Intro:Body:

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.

San Francisco: Facebook spent USD 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 USD 2.6 million on private plane costs -- up from USD 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 USD 1 as salary each year but his total compensation was USD 22.6 million in 2018 -- more than double since 2017 when he made USD 9.1 million in total compensation.

Facebook spent USD 2.9 million on personal security for its COO Sheryl Sandberg. The social networking giant spent more than USD 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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