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HomeAll newsMost read newsBusiness Leaders Biography
Birthday : 05/14/1984
Place of birth : Dobbs Ferry (New York) - United States
Linked companies : Facebook Inc
Biography : Founder of Facebook, Inc., Chan Zuckerberg Initiative LLC and Startup:Education, Mark Elliot Zuckerberg is an entrepreneur who currently holds the position of Chairman & Chief Executive Officer for Facebook, Inc.

Facebook spends $22.6 million to keep Mark Zuckerberg safe

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04/12/2019 | 09:09pm EDT
FILE PHOTO: Facebook's founder and CEO Mark Zuckerberg speaks at the Viva Tech start-up and technology summit in Paris

(Reuters) - Facebook Inc more than doubled the money it spent on Chief Executive Officer Mark Zuckerberg's security in 2018 to $22.6 million (£17.3 million), a regulatory filing showed on Friday.

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

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

Facebook has in the past few years faced public outcry over its role in Russia's alleged influence on the 2016 U.S. presidential election and has come under fire following revelations that Cambridge Analytica obtained personal data from millions of Facebook profiles without consent. (https://bit.ly/2Gbb9cn)

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

Separately, Facebook said Netflix Chief Executive Officer Reed Hastings would vacate his seat on the social media company's 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 Facebook's board since 2011.

The company also said it would nominate PayPal's 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.

Facebook shares closed at $179.07 Friday evening.

(Reporting by Sayanti Chakraborty in Bengaluru; Editing by Shounak Dasgupta and Cynthia Osterman)

Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK 6.54% 194.28 Delayed Quote.39.28%
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