Facebook spent $22.6m to keep Mark Zuckerberg safe last year

Security costs for the tech billionaire and his family more than doubled last year, as an outcry over Facebooks practices grew

Facebook more than doubled the money it spent on top executive Mark Zuckerbergs security in 2018 to $22.6m, a regulatory filing has showed.


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    Zuckerberg drew a base salary of $1 for the past three years, and his other compensation was listed at $22.6m, most of which was for his personal security.

    Nearly $20m went toward security for Zuckerberg and his family, up from about $9 million the year prior. Zuckerberg also received $2.6m for personal use of private jets, which the company said was part of his overall security program.

    Facebook in the past few years has faced public outcry over its role in the spread of disinformation and political propaganda online, data breaches and privacy concerns.

    It includes Russias alleged influence on the 2016 US presidential election and revelations that Cambridge Analytica, a political consultancy hired by Donald Trumps 2016 presidential campaign, obtained personal data from millions of Facebook profiles without consent.

    Chief Operating Officer Sheryl Sandberg took home $23.7m in 2018 compared to $25.2m last year.

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

    Hastings departure comes as the Menlo Park-based company beefs up its push into videos. Hastings has served on Facebooks board since 2011.

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

    Original Article : HERE ; This post was curated & posted using : RealSpecific

     


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