Facebook Inc more than doubled the money it spent on Chief Executive Officer Mark Zuckerberg‘s security in 2018 to $22.6 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.
WATCH: Nov. 27, 2018 — Facebook executive grilled in London on fake news, privacy worries; Zuckerberg a no-show
Nearly $20 million went toward 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 program.
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.
Get daily National news
Chief Operating Officer Sheryl Sandberg took home $23.7 million in 2018 compared to $25.2 million last year.
READ MORE: The internet needs more regulation, CEO argues
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.
WATCH: May 22, 2018 — Facebook’s Mark Zuckerberg apologizes to EU Lawmakers over data leak
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.
READ MORE: Mark Zuckerberg ‘proud’ of efforts to ‘fix’ Facebook despite scandal-plagued 2018
- Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died
- 2 US Navy pilots shot down over Red Sea in apparent ‘friendly fire’ incident, US military says
- Thousands stream into Belgrade square to protest against populist Serbian president
- German Christmas market attack: Police got tipoffs about suspect last year
Comments