It takes a great deal of cash to secure Mark Zuckerberg.
Facebook on Friday stated it invested $20 million on individual security for the CEO, according to an SEC filing.
Like some other founder-CEOs (consisting of Google’s Larry Page and Apple’s late co-founder Steve Jobs), Zuckerberg just takes a $1 income each year. But his overall payment was $22.6 million, invested mainly on an “overall security program” for him and his household in the house and throughout individual travel. That number, when he made $9.1 million in overall payment.
The business likewise stated it invested $2.6 million on personal aircraft expenses. The figure, which is likewise consisted of in his overall payment, is up from $1.5 million a year prior to. Facebook stated the airplane costs went to charter business and consisted of “passenger fees, fuel, crew, and catering costs.”
Facebook likewise stated it invested $2.9 million on individual security for COO Sheryl Sandberg, up somewhat from the $2.6 million a year prior to. The business invested more than $900,000 her personal aircraft expenses.
The social media network decreased to comment beyond the filing.
The spike in security and travel expenses come as Facebook deals with the most troubled duration in its history. The social media network has actually been under extreme examination for election disturbance, information abuse and being not able to cops hazardous material on its platform.
Facebook likewise stated Friday it’s shocking its board. The business stated it will not renominate Netflix CEO Reed Hastings, and chosen Peggy Alford, PayPal’s senior vice president of core markets. If authorized at the business’s yearly investors conference in May, Alford would be the very first African-American female to serve on Facebook’s board of directors.