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FB spent $20mn on Zuckerberg's security in 2018

IANS  |  San Francisco 

spent $20 million on its Mark Zuckerberg's personal security last year -- four times more than what he received for security in 2016.

In a filing with the (SEC) on Friday, 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 2018 -- more than double since 2017 when he made $9.1 million in total compensation.

spent $2.9 million on personal security for its The 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.

"Because of the high visibility of our company, our compensation and governance committee has authorised 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 our founder, CEO, Chairman, and controlling stockholder," read the company document.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, April 13 2019. 10:10 IST