Saturday September 21, 2019
Home Lead Story Facebook Spen...

Facebook Spent $20 mn on Mark Zuckerberg’s Personal Security in 2018

The hike in security expenditure for its leaders is owing to Facebook facing the heat for growing cases of election interference and data misuse on its platform

0
//
Facebook, photos
This photograph taken on May 16, 2018, shows a figurine standing in front of the logo of social network Facebook on a cracked screen of a smartphone in Paris. VOA

Facebook spent $20 million on its CEO Mark Zuckerberg’s personal security last year — four times more than what he received for security in 2016.

In a filing with the US Securities Exchange Commission (SEC) on Friday, Facebook said it spent $2.6 million on private plane costs — up from $1.5 million a year before, CNET reported.

The aircraft expenses went to charter companies and included “passenger fees, fuel, crew, and catering costs”.

Zuckerberg takes $1 as salary each year but his total compensation was $22.6 million in 2018 — more than double since 2017 when he made $9.1 million in total compensation.

Facebook
Facebook’s founder and CEO Mark Zuckerberg speaks at the Viva Tech start-up and technology summit in Paris, France, May 24, 2018. VOA

Facebook spent $2.9 million on personal security for its COO Sheryl Sandberg.The social networking giant spent more than $900,000 on her private plane costs.

The hike in security expenditure for its leaders is owing to Facebook facing the heat for growing cases of election interference and data misuse on its platform.

Also Read- Chinese Video Sharing App TikTok Added Nearly 9 cr Indian Users in Q1

“Because of the high visibility of our company, our compensation and governance committee has authorised an ‘overall security programme’ for Zuckerberg to address safety concerns due to specific threats to his safety arising directly as a result of his position as our founder, CEO, Chairman, and controlling stockholder,” read the company document. (IANS)

Next Story

Mark Zuckerberg Not Going to Sell WhatsApp or Instagram

Facebook CEO Mark Zuckerberg has rejected a US lawmaker's call to break his company, saying he's not going to sell WhatsApp or Instagram

0
Mark Zukerberg, Facebook, Instagram, Sell, Business
Zuckerberg, however, rejected these calls, saying the size of the social media giant was actually a benefit to its users and the security of the democratic process. VOA

Facebook CEO Mark Zuckerberg has rejected a US lawmaker’s call to break his company, saying he’s not going to sell WhatsApp or Instagram at any cost.

Senator Josh Hawley (Missouri Republican) tweeted that he met Zuckerberg during his visit to Washington, DC on Thursday, and asked him to sell Instagram and WhatsApp.

“Just finished meeting with @facebook CEO Mark Zuckerberg. Had a frank conversation. Challenged him to do two things to show FB is serious about bias, privacy & competition. 1) Sell WhatsApp & Instagram 2) Submit to independent, third-party audit on censorship. He said no to both,” tweeted Hawley, one of Facebook’s biggest critics.

Zuckerberg also met President Donald Trump in the Oval Office.

“Nice meeting with Mark Zuckerberg of @Facebook in the Oval Office today,” tweeted Trump.

This is Facebook CEO’s first public trip to Washington since he testified before House and Senate committees in April last year over Cambridge Analytica data scandal affecting 87 million users globally.

According to media reports, Zuckerberg met several lawmakers this time and discussions included allegations that Facebook curtails conservative speech.

Mark Zukerberg, Facebook, Instagram, Sell, Business
Mark Zuckerberg has rejected a US lawmaker’s call to break his company, saying he’s not going to sell WhatsApp or Instagram at any cost. Pixabay

As the chorus grows to break up Facebook, the social networking platform’s Chief Operating Officer Sheryl Sandberg recently said that it won’t serve any purpose.

“You could break us up, you could break other tech companies up, but you actually don’t address the underlying issues people are concerned about,” she had said earlier.

Several US senators have called for breaking up the social network amid repeated data breaches and privacy violations on the platform.

ALSO READ: Scientists Reform Face Of Another Human Ancestor

Democratic presidential candidate, Senator Kamala Harris, has stressed that authorities should take a serious look at breaking up Facebook as the social network platform is a “utility that has gone unregulated”.

Another Democratic 2020 candidate, Senator Elizabeth Warren, has also stressed upon the possibility of breaking up Facebook.

Zuckerberg, however, rejected these calls, saying the size of the social media giant was actually a benefit to its users and the security of the democratic process. (IANS)