Washington : There has been a considerable hike in the security expenses of Facebook’s CEO Mark Zuckerberg since 2016 with last year’s personal security cost touching $20 million.
In a filing with the U.S. Securities Exchange Commission (SEC) on Friday, Facebook said it spent $2.6 million on private plane costs – up from $1.5 million a year before, CNET reported. The aircraft expenses went to charter companies and included “Passenger fees, fuel, crew and catering costs.”
Zuckerberg takes $1 as salary each year but his total compensation was $22.6 million in 2008 – more than double since 2017 when he made $9.1 million in total compensation. Facebook spent $2.9 million on personal security for its COO Sheryl Sandberg. The social networking giant spent more than $900,000 on her private plane costs.
The hike in security expenditure for its leaders is owing to Facebook facing the heat for growing cases of election interference and data misuse on its platform.
The company document read regarding Mark Zuckerberg’s security expenditure that because of the high visibility of the company, the compensation and governance committee has authorized an ‘overall security programme’ for Zuckerberg to address safety concerns due to specific threats to his safety arising directly as a result of his position as the founder of the institution.