Facebook spends $22.6 million on Zuckerberg’s safety


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Facebook spends $22.6 million on Zuckerberg’s safety

On Friday, the 12th of April 2019, a regulatory filing had revealed that the social media giant, Facebook Inc. had nearly doubled up the money they had spent on CEO Zuckerberg’s safety in 2018 to $22.6 million, while investors appeared to be overwhelmed on growing compensation of Zuckerberg.

Besides, questions were raised why Zuckerberg would be drawing up nearly 20 times more than his base salary over personal security, although in recent past, Zuckerberg had been facing sheer criticism over Facebook Inc.’s manipulation into 2016’s US presidential election.

In fact, Zuckerberg had been receiving a base salary of $1 million for the past three years, while his other compensations had been listed at $22.6 million, most of which were claimed to be spent for his personal security.

While around $9 million had gone towards the security of Zuckerberg and his family on 2017, the figure had surprisingly doubled up to approximately $20 million in 2018. Besides, the Facebook Chief Executive had also received a $2.6 million compensation for personal use of private jets, which the company claimed to be a part of his entire security program.

Given Facebook Inc.’s role in manipulating multiple elections across the world and its embezzlement on several political outrages, doubling up Zuckerberg’s security compensation might have been appropriate, suggested multiple analysts.