When you’re the CEO of one of the world’s largest and most in-demand companies, it doesn’t come cheap to ensure your safe and secure.
Back in 2004, Mark Zuckerberg was at Harvard University, designing a university social site in his dorm with a bunch of friends. Today he’s worth $54 billion and is at the front a hugely influential online company. Throughout his career, he hasn’t been spared of scandal and accusations of bad practice. A 35-year-old billionaire, Zuckerberg walks around with a target on his back. That’s why he, and Facebook, have to ensure he’s safe at all times – but at what cost?
An article posted on Business Insider shows that Facebook posted its executive compensation for 2019 to the SEC on Friday, April 10th. The document highlights how much money Facebook spent on security for top executives in the company.
For Zuckerberg, the company spent a staggering $23.4 million to keep him safe in 2019. The figure includes $10 million pre-tax allowances for Zuckerberg and his family and $2.3 million on private jets to move him around.
In its 2018 filing, Facebook noted, “He (Mark Zuckerberg) is synonymous with Facebook, and as a result, negative sentiment regarding our company is directly associated with, and often transferred to, Mr. Zuckerberg.”
From data breaches and the Cambridge Analytica scandal, it’s easy to see why Mr Zuckerberg isn’t popular with some sections of society. However, with such a large number spent on security, it’s a sad sign of the potential dangers people pose to the world’s most successful people.
The amount spent on security has increased dramatically over the past four years. In 2016 Facebook noted that it spent $4.9 million on protecting Zuckerberg. Comparatively, in the same year, Twitter only spent $68,506 protecting CEO, Jack Dorsey.