[NEWS] Facebook spent $20 million last year on Zuckerberg’s personal protection – Loganspace

[NEWS] Facebook spent $20 million last year on Zuckerberg’s personal protection – Loganspace

2018 changed into once by all scheme a very rough twelve months forFb. The company, which spent the twelve months reeling from the Cambridge Analytica scandal and a overall effervescent-up of public inflame, additionally needed to address animosity in direction of the corporate’s founder, and gave the government a type of money to address a fat security ingredient for himself and his household.

While Fb CEOMark Zuckerbergtakes a $1 annual wage and does no longer construct an annual bonus, he will get hundreds and hundreds in “varied compensation” largely linked to security prices. In anSEC docprinted this afternoon, the corporate finds that Zuckerberg earned more than $22 million in “varied compensation” in 2018, up from more than $9 million in 2017.

About $2.6 million of the 2018 figure is compensation for Zuckerberg’s internal most scamper on a non-public jet, nonetheless nearly $20 million of that figure is linked to Zuckerberg’s internal most security prices.

He changed into once awarded $9,956,847 in pre-tax 2018 profits for security linked to his internal most scamper and residential security. Furthermore the corporate game him one other pre-tax allowance of $10 million to quilt “extra prices” linked to his and his household’s internal most security. This all adds as much as an quantity that as regards to triples the prices of internal most security he had in 2017.

“Attributable to the excessive visibility of our company, our compensation & governance committee has licensed an ‘total security program’ for Mr. Zuckerberg to address security concerns as a result of particular threats to his security growing straight away as a results of his internet site as our founder, CEO, Chairman, and controlling stockholder,” the corporate doc reads.

Private security program compensation changed into once additionally given to Fb COO Sheryl Sandberg, who earned $3.8 million in “varied compensation” in 2018, $2.9 million of which changed into once for her internal most security prices.

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