Facebook CEO Mark Zuckerberg's security cost $30m last year

Facebook founder and chief executive Mark Zuckerberg (left) running across Pariser Platz with bodyguards in Berlin, Germany, in February 2016. The company more than doubled the money it spent on his security last year, of which nearly US$20 million w
Facebook founder and chief executive Mark Zuckerberg (left) running across Pariser Platz with bodyguards in Berlin, Germany, in February 2016. The company more than doubled the money it spent on his security last year, of which nearly US$20 million went towards security for him and his family, up from about US$9 million the year before, a regulatory filing showed last Friday. PHOTO: EPA-EFE

BENGALURU • Facebook more than doubled the money it spent on chief executive officer Mark Zuckerberg's security last year to US$22.6 million (S$30.6 million), a regulatory filing has shown.

Mr 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, the filing said last Friday.

Nearly US$20 million went towards security for Mr Zuckerberg and his family, up from about US$9 million the year prior.

Mr Zuckerberg also received US$2.6 million for personal use of private jets, which the company said was part of his overall security programme.

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

Chief operating officer Sheryl Sandberg took home US$23.7 million last year compared with US$25.2 million in 2017.

Separately, Facebook said Netflix chief executive officer Reed Hastings would vacate his seat on the social media company's board and not be nominated for re-election.

Mr Hastings' departure comes as the Menlo Park-based company beefs up its push into videos.

Mr Hastings has served on Facebook's board since 2011.

 

The company also said it would nominate PayPal's senior vice-president of core markets, Ms Peggy Alford, to its board in place of University of North Carolina president emeritus Erskine Bowles, who will also not be re-nominated.

Facebook shares closed at US$179.07 last Friday evening.

REUTERS

A version of this article appeared in the print edition of The Sunday Times on April 14, 2019, with the headline 'Facebook CEO's security cost $30m last year'. Print Edition | Subscribe