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Facebook CEO's compensation jumps to $8.9 million as security costs soar

Reuters 

By Munsif Vengattil and David Ingram(Reuters) - Facebook Inc Chief Executive Mark Zuckerberg's compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed (https://www.sec.gov/Archives/edgar/data/1326801/000132680118000022/facebook2018definitiveprox.htm) on Friday, largely due to higher costs related to the 33-year old billionaire's personal security.About 83 percent of the compensation represented security-related expenses, while most of the rest were tied to Zuckerberg's personal usage of private aircraft.Zuckerberg spent much of last year travelling after he pledged ...

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First Published: Sat, April 14 2018. 04:41 IST
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