Facebook has spent more than $ 23 million in 2019 on protection and air travel for CEO (Mark Zuckerberg), according to a new financial...
Facebook has spent more than $ 23 million in 2019 on protection and air travel for CEO (Mark Zuckerberg), according to a new financial deposit.
This amount is more than the previous amount of about $ 20 million, which the company denied in 2018, and $ 9.1 million, which the company denied in 2017.
The expenditures include about $ 10.5 million for the costs of personal security for Mark Zuckerberg at his home and during his personal travel, and the expenditures also include an additional $ 10 million to protect him and his family.
For comparison, Facebook spent about $ 9.95 million on Mark Zuckerberg's security in 2018 and about $ 7.5 million in 2017.
The financial deposit also shows that the costs of Zuckerberg's private jets reached $ 2.95 million, while the company spent $ 2.59 million on Zuckerberg air travel in 2018, and $ 1.52 million in 2017.
While Zuckerberg's annual salary remains $ 1, all of these expenses are provided under "other compensation" for Zuckerberg.
At the same time, Sheryl Sandberg, chief operating officer of Facebook, received a basic wage of just over $ 880,000, which is an increase from $ 850,000 in 2018.
Sandberg also received a reward of $ 900,000, compared to a reward of $ 638,000 in 2018, and received $ 19.67 million in bonus across shares, while it received $ 18.42 million in bonus via stocks in 2018.
Facebook spent $ 4.37 million in 2019 on Sandburg's personal security, up from the previous figure of $ 2.9 million in 2018.
The financial deposit shows that the costs of Sandberg's private jets reached $ 1.3 million in 2019, while the company spent $ 900,000 on Sandberg's air travel in 2018.
The social media giant said the costs included passenger, fuel, crew and food costs reported by the charter company.
In 2019 Facebook announced four consecutive quarters of growth, which helped revenue grow by 24.7 percent during the fourth quarter compared to the same time period of 2018.
