Facebook spends $22.6 million to keep Mark Zuckerberg safe

FILE Photograph: Facebook’s founder and CEO Mark Zuckerberg speaks at the Viva Tech start off-up and systems summit in Paris, France, Could 24, 2018. REUTERS/Charles Platiau

(Reuters) – Fb Inc considerably a lot more than doubled the cash it invested on Main Govt Officer Mark Zuckerberg’s safety in 2018 to $22.six million, a regulatory submitting verified on Friday.

Zuckerberg has drawn a basis wage of $one for the earlier three a very long time, and his “other” payment was proven at $22.six million, most of which was for his personalised safety.

Basically $20 million went towards safety for Zuckerberg and his family, up from about $nine million the yr prior. Zuckerberg also acquired $two.six million for personalised use of non-community jets, which the group explained was ingredient of his above-all safety method.

Fb has in the earlier pair a very long time confronted community outcry about its placement in Russia’s alleged impact on the 2016 U.S. presidential election and has get there beneath fire pursuing revelations that Cambridge Analytica received personalised particulars from hundreds and hundreds of Fb profiles devoid of consent.

Main Doing the job Officer Sheryl Sandberg took residence $23.7 million in 2018 when compared to $25.two million last yr.

Individually, Fb explained Netflix Main Govt Officer Reed Hastings would vacate his seat on the social media company’s board and not be nominated for re-election.

Hastings’ departure will occur as the Menlo Park-centered group beefs up its drive into online video clips. Hastings has served on Facebook’s board since 2011.

The group also explained it would nominate PayPal’s senior vice president of most important marketplaces, Peggy Alford, to its board in region of University of North Carolina President Emeritus Erskine Bowles, who will also not be re-nominated.

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Fb shares shut at $179.07 Friday night time.

Reporting by Sayanti Chakraborty in Bengaluru Modifying by Shounak Dasgupta and Cynthia Osterman

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