The annual cost of security for Facebook CEO Mark Zuckerberg totaled $ 26.8 million, an increase of 6% over 2020. This is due to specific threats to it. The cost of maintenance is much higher than that of other technology companies.
Following the threats to his life, the annual cost of securing Facebook CEO Mark Zuckerberg totaled $ 26.8 million, an increase of 6% over 2020. The cost of maintaining his security continues to rise for meta-platforms, and is much higher than other technology companies spend with CEOs Media.
According to reports in the American media, Facebook’s unusual expenses were used to secure Zuckerberg’s residence and for his travel needs. They also include the annual costs of security personnel and security measures.
The social media giant, which owns Facebook, WhatsApp and Instagram, spent over $ 15.2 million in 2021 on securing the CEO in his homes and during vacations, according to documents submitted to the US Securities and Exchange Commission (SEC). The amount does not include an additional $ 10 million given to Zuckerberg as a pre-tax grant for his family security and another $ 1.6 million for the use of a private jet for vacations.
The company’s documents state that security spending is necessary because Zuckerberg faces specific threats “as a result of the well-publicized nature of being the founder, CEO, chairman and controlling shareholder.” They added: “We believe Zuckerberg’s role puts him in a unique position. He is synonymous with meta and as a result, any negative sentiment about the company is directly attributed to Zuckerberg.”
It should be noted that Zuckerberg’s security costs vary from year to year depending on the security measures required, his travel schedule and other factors. For example, the cost of securing the base was $ 13.4 million in 2020, compared to $ 10.4 million the year before.
The company explained the increase in 2020 among other things in costs related to security procedures during the outbreak of the corona virus, increase in the security envelope during the US election and an increase in prices that applied to security personnel. Facebook added that Zuckerberg receives an annual salary of only one dollar and does not receive bonus payments, capital prizes or other incentives.