Facebook spent over $22 million on Mark Zuckerberg’s security last year — up from $9 million – National

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Fb Inc greater than doubled the cash it spent on Chief Government Officer Mark Zuckerberg‘s safety in 2018 to $22.6 million, a regulatory submitting confirmed on Friday.

Zuckerberg has drawn a base wage of $1 for the previous three years, and his “different” compensation was listed at $22.6 million, most of which was for his private safety.

WATCH: Nov. 27, 2018 — Fb government grilled in London on pretend information, privateness worries; Zuckerberg a no-show

Almost $20 million went towards safety for Zuckerberg and his household, up from about $9 million the yr prior. Zuckerberg additionally acquired $2.6 million for private use of personal jets, which the corporate mentioned was a part of his total safety program.

Fb has up to now few years confronted public outcry over its position in Russia’s alleged affect on the 2016 U.S. presidential election and has come beneath hearth following revelations that Cambridge Analytica obtained private information from hundreds of thousands of Fb profiles with out consent.

Chief Working Officer Sheryl Sandberg took house $23.7 million in 2018 in comparison with $25.2 million final yr.

READ MORE: The web wants extra regulation, CEO argues

Individually, Fb mentioned Netflix Chief Government Officer Reed Hastings would vacate his seat on the social media firm’s board and never be nominated for re-election.

Hastings’ departure comes because the Menlo Park-based firm beefs up its push into movies. Hastings has served on Fb’s board since 2011.

WATCH: Might 22, 2018 — Fb’s Mark Zuckerberg apologizes to EU Lawmakers over information leak

The corporate additionally mentioned it might nominate PayPal’s senior vp of core markets, Peggy Alford, to its board rather than College of North Carolina President Emeritus Erskine Bowles, who can even not be re-nominated.

Fb shares closed at $179.07 Friday night.

READ MORE: Mark Zuckerberg ‘proud’ of efforts to ‘repair’ Fb regardless of scandal-plagued 2018

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Supply hyperlink – https://globalnews.ca/information/5163646/facebook-mark-zuckerberg-security-costs/

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