Facebook spends $22.6 million to keep Mark Zuckerberg and his family safe

15 Avril, 2019, 07:11 | Auteur: Auguste Feret
  • Zuckerberg has drawn a base salary of US$1 for the past three years and his ‘other’ compensation was listed at US$22.6 million most of which was for his personal security. — AFP pic

Last year, Facebook spent almost $20 million to keep its CEO, Mark Zuckerberg, along with his family, safe.

Facebook also said that it spent $2.6 million on private plane costs.

"I see our board being about great judgment, particularly in unlikely disaster where we have to pick new leaders", Hastings wrote in an August 2016 email to Thiel, which was obtained by The New York Times.

For months, the social media giant has been in the centre of several scandals, including the Cambridge Analytica uproar in 2018, involving the harvesting and sale of Facebook users' personal date without permission. When it wasn't explaining why the data privacy fiasco happened and why it kept it hidden from public knowledge, it was trying to fight fake news, stopping the spread of hatred, violence, and sexism across feeds, and shielding Zuckerberg from animosity. He also did not receive bonuses or stock awards in 2018. In a SEC document published recently, it's revealed Zuckerberg earned over $22 million in other compensation last year, up from over $9 million the year prior.

Facebook has in the past year doubled the amount of money it is spending on the personal security of founder and CEO Mark Zuckerberg. Zuckerberg also received $2.6 million for using his private aircraft.

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Zuckerberg had called for an worldwide framework that would "establish a way to hold companies such as Facebook accountable by imposing sanctions when we make mistakes".

The spike in security and travel costs come as Facebook faces the most tumultuous period in its history.

It's not hard to imagine why there was a significant uptick in costs to keep Zuckerberg secure.

Facebook has in the past few years faced a public outcry over its role in Russia's alleged influence on the 2016 United States presidential election and has come under fire following revelations that Cambridge Analytica obtained personal data from millions of Facebook profiles without consent.

The social network is working on original programming for its Facebook Watch platform.

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