Home COLUMNS LITE BLOGS FB spent $20mn on Zuckerberg’s security in 2018

FB spent $20mn on Zuckerberg’s security in 2018

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WASHINGTON, April 10, 2018 (Xinhua) -- Facebook CEO Mark Zuckerberg testifies at a joint hearing of the Senate Judiciary and Commerce committees on Capitol Hill in Washington D.C., United States, on April 10, 2018. Facebook CEO Mark Zuckerberg told Congress in written testimony on Monday that he is
Facebook CEO Mark Zuckerberg (Xinhua/Ting Shen/IANS)

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…reports Asian Lite News

WASHINGTON, April 10, 2018 (Xinhua) -- Facebook CEO Mark Zuckerberg testifies at a joint hearing of the Senate Judiciary and Commerce committees on Capitol Hill in Washington D.C., United States, on April 10, 2018. Facebook CEO Mark Zuckerberg told Congress in written testimony on Monday that he is "responsible for" not preventing the social media platform from being used for harm, including fake news, foreign interference in elections and hate speech. (Xinhua/Ting Shen/IANS) by .
Facebook CEO Mark Zuckerberg (Xinhua/Ting Shen/IANS)

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.

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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