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Home / Business / Facebook is spending $ 22.6 million to keep Mark Zuckerberg safe from Reuters

Facebook is spending $ 22.6 million to keep Mark Zuckerberg safe from Reuters



© Reuters. FILE PHOTO: Facebook's founder and CEO Mark Zuckerberg speaks at Viva Tech startup and technology summit in Paris

(Reuters) – Facebook Inc. (NASDAQ 🙂 more than doubled the money they spent on Chief CEO Mark Zuckerbergs security in 201

8 to $ 22.6 million, a regulatory application showed on Friday.

Zuckerberg has deducted a base salary of $ 1 over the past three years, and his "second" compensation was listed at $ 22.6 million, most of which were for his personal security.

Almost $ 20 million went to security for Zuckerberg and his family, up from about $ 9 million the year before. Zuckerberg also received $ 2.6 million for personal use of private jets, as the company said was part of its overall security program.

In recent years, Facebook has met the public over its role in Russia's alleged influence on the presidential election in 2016 and has become fire after revelations that Cambridge Analytica received personal data from millions of Facebook profiles without the consent.

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

Separately, Facebook Netflix (NASDAQ 🙂 said CEO Reed Hastings would leave his seat on the social media company's board and not be nominated for re-election.

Hasting's departure comes as the Menlo Park-based company bent up its push into videos. Hastings has earned on Facebook's board since 2011.

The company also said it would nominate PayPal's senior vice president of core markets, Peggy Alford, to the board instead of the University of North Carolina President Emeritus Erskine Bowles, who also will not be

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Facebook shares closed on 179.07.07 Friday night.

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