2018 was by all means a really tough yr for Fb. The corporate, which spent the yr reeling from the Cambridge Analytica scandal and a normal bubbling-up of public anger, additionally needed to cope with animosity in the direction of the corporate’s founder and gave the manager a number of money to deal with a full safety element for himself and his household.
Whereas Fb CEO Mark Zuckerberg takes a $1 annual wage and doesn’t earn an annual bonus, he will get tens of millions in “different compensation” largely associated to safety prices. In an SEC doc revealed this afternoon, the corporate reveals that Zuckerberg earned greater than $22 million in “different compensation” in 2018, up from greater than $9 million in 2017.
About $2.6 million of the 2018 determine is compensation for Zuckerberg’s private journey on a personal jet, however almost $20 million of that determine is expounded to Zuckerberg’s private safety prices.
He was awarded $9,956,847 in pre-tax 2018 revenue for safety associated to his private journey and residential safety. Moreover the corporate sport him one other pre-tax allowance of $10 million to cowl “extra prices” associated to him and his household’s private safety. This all quantities to an quantity that almost triples the prices of private safety he had in 2017.
“Due to the excessive visibility of our firm, our compensation & governance committee has approved an ‘general safety program’ for Mr. Zuckerberg to handle security considerations attributable to particular threats to his security arising immediately because of his place as our founder, CEO, Chairman, and controlling stockholder,” the corporate doc reads.
Private safety program compensation was additionally given to Fb COO Sheryl Sandberg who earned $3.eight million in “different compensation” in 2018, $2.9 million of which was for her private safety prices.