Mark Zuckerberg’s Facebook wage might simplest be $1, however do not assume this is all of the Facebook co-founder receives in advantages from the social community he helped create.
In a proxy statement released last Friday forward of Facebook’s annual shareholder assembly subsequent month, the corporate disclosed that it paid $eight.eight million to hide Zuckerberg’s security and private travel ultimate yr.
The determine rose from $five.eight million in 2016 as Zuckerberg toured across the country ultimate yr.
“Because of the high visibility of our company, our compensation & governance committee has authorized an “general security program” for Mr. Zuckerberg to address safety concerns due to specific threats to his safety arising directly as a result of his position as our founder, Chairman, and CEO,” the corporate writes in its disclosure.
“We require these security measures for the company’s benefit because of the importance of Mr. Zuckerberg to Facebook, and we believe that the costs of this overall security program are appropriate and necessary.”
With all of the further travel Zuckerberg could have to do to answer to various governments for his corporate’s function within the contemporary Cambridge Analytica knowledge scandal, that outlay is not more likely to shrink.
In addition to paying for Zuckerberg’s security the corporate additionally spent over $2.6 million to hide the security charges of COO Sheryl Sandberg, Facebook’s second-in-command.
While no longer sudden, the disclosure all over again highlights the “other perks” CEOs of tech giants obtain.
Apple in a similar fashion will pay for CEO Tim Cook’s security and use of personal airplane for all of his travels, totals that amounted to $317,325 in 2017 in keeping with paperwork it filed with SEC past due ultimate yr. Unlike Zuckerberg, Cook did obtain a wage of $three,057,692 ultimate yr.
In its maximum recent filing from last April, Amazon published that it paid $1.6 million for CEO and founder Jeff Bezos’ travel in 2016. Bezos additionally won a wage of $81,840.
Follow Eli Blumenthal on Twitter @eliblumenthal
Read or Share this tale: https://usat.ly/2qCfw8I