Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Facebook Allocates $20 Million on Zuckerberg’s Personal Security, Travels


Sun 14 Apr 2019 | 02:45 PM
Yassmine Elsayed

Facebook allocated CEO Mark Zuckerberg $20 million for security purposes ,that’s four times what he received for security in 2016, the compnay revealed, saying that this is due to rising costs.

The company said Zuckerberg received nearly $10 million in 2018 for his standard personal security, plus an additional pre-tax allowance of $10 million, new this year, “to cover additional costs related to Mr. Zuckerberg and his family’s personal security.”

[caption id="attachment_7329" align="aligncenter" width="300"]Facebook co-founder, Chairman and CEO Mark Zuckerberg Facebook co-founder, Chairman and CEO Mark Zuckerberg[/caption]

According to CNBC, these funds are used to cover security at Zuckerberg’s “residences and during personal travel.” Zuckerberg received $7.6 million and $5.1 million for security in 2017 and 2016, respectively.

Not all of the funds in Zuckerberg’s security compensation are for security, the filing said. About $2.6 million of the $20 million were “for costs related to personal usage of private aircraft.”

Facebook has a broad security operation, which is known to track the locations of specific users that the company has deemed to be threats to Facebook and its executives.

Zuckerberg’s sharp increase in 2018 compensation came after the company navigated a turbulent year riddled with scandals, starting with the Cambridge Analytica scandal in March, in which a political consultancy obtained personal data of Facebook users in an unauthorized way and used it to target political ads; and ending with the Definers Public Affairs episode in November, where Facebook was found to have used a firm to write negative stories about competitors and plant them in the press.