News » Technology News » Facebook spent $23.4 million on Zuckerberg’s air travel, security in 2019, says report

Facebook spent $23.4 million on Zuckerberg’s air travel, security in 2019, says report

by Rahul Chauhan
1 minutes read

Fb has tightened protection and spends additional than what it did as opposed to 2017 and 2018 for its Chief Executive Officer (CEO) Mark Zuckerberg and Main Operating Officer (COO) Sheryl Sandberg.

Fb used $ 23.4 million on the vacation and protection of CEO Mark Zuckerberg in 2019. This was $ 3.4 million much more than what Facebook expended on Zuckerberg in security and air travel in 2018, according to a report by CNBC.

In addition, the social media large also used $ 2.95 million on Zuckerberg’s personal visits. In 2018, it was $ 2.59 million and $ 1.52 million in 2017.

Even while Zuckerberg takes $ 1 as his annual salary, his payment for the year 2018 is $ 22.6 million. In 2017, Zuckerberg’s full compensation was $ 9.1 million.

The cash features roughly $ 10,463,717 for particular safety expenses for Zuckerberg at his dwelling and for his private visits. These funds also involve an more $ 10 million to shield Zuckerberg and his relatives.

IANS quoted Facebook’s money submitting: “Because of to the significant visibility of our business, our Compensation, Nomination and Governance Committee has approved a &#39Normal Protection Program’ for Mr. Zuckerberg to address stability issues owing to unique threats to its basic safety instantly resulting from its placement as our founder, CEO, chairman and controlling shareholder. “

According to a monetary filing assertion filed by Facebook with the Securities Trade Commission (SEC), Zuckerberg expended $ 7.5 million in 2017 and $ 9.95 million in non-public protection.

These charges are marked for Zuckerberg under “other charges”.

Sheryl Sandberg, Facebook’s Main Working Officer (COO), took household a base salary of $ 8.75,000, a little bit better than the 2018 fee of $ 8.43,000.

The bonus cost Sandberg received in 2019 was $ 9.02,740. It was $ 6.38,000 in 2018 with stock price ranges value $ 19.67 million.

Sandberg obtained a personalized stability compensation of $ 4.37 million in 2019. This was an supplemental $ 2.9 million from what she obtained in 2018.

“Our payment, nomination and board committee has also authorized a stability plan for Ms. Sandberg, like particular own safety steps, to deal with the protection fears arising from her position as our COO,” stated Facebook’s economic application. is quoted by the IANS.

Sandberg’s use of private planes cost Facebook $ 1.3 million in 2019. It was $ 9.08,677 in 2018.

According to Facebook, non-public aircraft charges involve passenger, fuel, crew and catering costs noted by a charter business.

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