May 22, 2022

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How much does Meta pay for Mark Zuckerberg's security?

How much does Meta pay for Mark Zuckerberg’s security?

The fact that the CEOs of the most important companies in the world have an important security operation around them, is not unreasonable. After all, we are talking about people with a very significant level of public visibility and fortunes estimated at tens of billions of dollars; Therefore, it is possible that their safety – and the safety of their families – is at greater risk than usual. It is clear that setting up operations of this scale is not economical. as collected BloombergAnd Meta allocates nearly $27 million annually to protect Mark Zuckerbergan amount that far exceeds what other companies allocate to take care of their managers Top.

The data comes from document Filed by the parent company of Facebook, Instagram and WhatsApp before the US Securities and Exchange Commission. According to this, the company allocated $ 15.2 million in 2021 for the security of Zuckerberg in his possessions and personal travels. Another $10 million to protect his family during the same period, plus an additional $1.6 million to cover the businessman’s transfers on a private jet.

Meta ensures that the security software around Mark Zuckerberg Compliant with security risks Regarding his role as the central figure of the company. “We believe that Mr. Zuckerberg’s role places him in a unique position: he is synonymous with meta, and as a result, negative sentiment about our company is directly related to and often conveyed to Mr. Zuckerberg.” The document says filed with the SEC.

Another infamous fact is that the approximately $27 million annually allocated to his security is the only additional compensation the Facebook founder has received. Let’s remember that Zuckerberg receives A symbolic salary of one dollar per year And he has a fortune Values About $79 billion as the largest shareholder in his company.

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Mark Zuckerberg’s security costs a lot more than other “big” entrepreneurs

If we consider that in 2021, Meta revenues amounted to 118 billion dollars, 27 million for Mark Zuckerberg’s security crumbs. However, it is a much larger amount than the amount earmarked by other large US corporations to protect their most visible managers.