Mark Zuckerberg’s security and travel cost $30.6m in 2018

0
15

Facebook paid its CEO an additional US$13 million (AUD$18.1m) for his personal security and travel costs in 2018, according to a proxy filing.

That included a new US$10 million (AUD$13.9m) pre-tax allowance for additional security costs such as security guards, equipment, services and residential improvements.

“He is synonymous with Facebook and, as a result, negative sentiment regarding our company is directly associated with, and often transferred to, Mr. Zuckerberg,” said the filing released last Friday.

Facebook paid its CEO an additional US$13 million (AUD$18.1m) for his personal security and travel costs in 2018, according to a proxy filing. (PA/AAP)

Like many wealthy CEOs, Zuckerberg receives an official salary of US$1 a year. He also did not receive bonuses or stock awards in 2018.

However, Zuckerberg’s total compensation jumped from US$9.1 million (AUD$12.6m) in 2017 to US$22.6 million (AUD$30.6m)…

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here