Facebook spent more than $ 23 million last year securing and protecting CEO Mark Zuckerberg, according to To deposit New to the Securities and Exchange Commission.
According to the filing, the Facebook Annual Security Reviews outlined specific threats to Mark Zuckerberg.
The filing says about the CEO role of Facebook: It is synonymous with Facebook, and as a result, negative feelings about our company are directly related, often passed on to Mark Zuckerberg.
The company’s annual review of security programs showed that the costs of protecting Zuckerberg and his family increased in 2020, mainly due to travel protocols during the Coronavirus pandemic and increased security coverage during the 2020 US election season and other periods of increased security risks, in addition to higher costs for security personnel.
And the other compensation section in the filing shows that Facebook spent $ 23 million for personal security at Zuckerberg’s residences and for travel for him and his family.
The CEO also raised an additional $ 10 million to cover security personnel and other security costs.
The cost of basic security reached $ 13.4 million last year, compared to $ 10.4 million the year before.
The Compensation, Nomination, and Governance Committee believes these costs are appropriate and necessary in light of the threat landscape and the fact that Zuckerberg has requested only one dollar of the annual salary and is not receiving any additional payments, stock bonuses, or other incentive compensation.
Facebook said in the filing: It is making a proposal at a shareholders meeting on May 26 to provide personal security to non-employee directors from time to time, which it makes clear is necessary due to the constant scrutiny that managers face as a result of their service on the board.
Facebook approved personal security services for some non-employee managers in January and February in light of the high level of scrutiny facing the company, its executives and managers, as well as the dynamic and charged atmosphere after the 2020 US elections and the attack on the US Capitol building on January 6, 2021.
And found report Released in January of the Technical Transparency Project, some of the extreme rioters in the Capitol attack had used private Facebook groups for months to plan and coordinate the January 6 rebellion, despite Remarks Sherrill Sandberg, Director of Operations at Facebook, said, “The events were largely organized across platforms that do not have our ability to stop the hate, they do not have our standards and they do not have our transparency.”