The year 2018 was by all means a
very rough year for Facebook . The company, which spent the year reeling from
the Cambridge Analytica scandal and a general bubbling-up of public anger, also
had to deal with animosity towards the company’s founder and gave the executive
a lot of cash to handle a full security detail for himself and his family.
While Facebook CEO Mark
Zuckerberg takes a $1 annual salary and does not earn an annual bonus, he gets
millions in “other compensation” largely related to security costs. In an SEC
document published this afternoon, the company reveals that Zuckerberg earned
more than $22 million in “other compensation” in 2018, up from more than $9
million in 2017.
About $2.6 million of the
2018 figure is compensation for Zuckerberg’s personal travel on a private jet,
but nearly $20 million of that figure is related to Zuckerberg’s personal
security costs.
He was awarded $9,956,847
in pre-tax 2018 income for security related to his personal travel and
residential protection. Additionally the company game him another pre-tax
allowance of $10 million to cover “additional costs” related to him and his
family’s personal security. This all amounts to an amount that nearly triples
the costs of personal protection he had in 2017.
“Because of the high
visibility of our company, our compensation & governance committee has
authorized an ‘overall 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, CEO, Chairman, and controlling stockholder,” the
company document reads.
Personal security program
compensation was also given to Facebook COO Sheryl Sandberg who earned $3.8
million in “other compensation” in 2018, $2.9 million of which was for her
personal security costs.
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