HomeinetFacebook: Spend $ 23 million on Zuckerberg security in 2020

Facebook: Spend $ 23 million on Zuckerberg security in 2020

A new deposit in the US Securities and Exchange Commission indicates that Facebook has spent over $ 23 million in 2020 for CEO security of the company, Mark Zuckerberg. Facebook's annual reviews of the company's security identified specific threats to Zuckerberg, according to a power of attorney statement filed April 9. Specifically, the proxy mentioned the following regarding the role of Facebook CEO: "He has been identified with Facebook and, therefore, the negative feeling about our company is directly related to Zuckerberg. and is often transferred to him ".

The annual review of the company's security programs showed that the cost of protecting Zuckerberg and his family increased in 2020, mainly due to travel protocols for COVID-19, increased security coverage during the 2020 US election period, other periods of increased security risk, and increased costs for security personnel.

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Facebook: Spend $ 23 million on Zuckerberg security in 2020
Facebook: Spend $ 23 million on Zuckerberg security in 2020

The "all other damages" section of the power of attorney statement shows that Facebook spent $ 23 million for personal safety at Zuckerberg residences, but also for travel for him and his family. The CEO of the giant SOCIAL MEDIA got it an additional $ 10 million for security staff and other security costs. The cost of basic insurance was up to $ 13,4 million in 2020, compared to $ 10,4 million in 2019.

According to the proxy statement, the Compensation, Appointments and Governance Committee believes that these costs are appropriate and necessary, given the threat landscape and the fact that Zuckerberg asked to receive only $ 1 in annual salary and does not receive bonus payments, share prizes or other compensation.

See also: The Irish Data Protection Commission (DPC) is investigating the Facebook data leak

Also in the power of attorney filed on April 9, Facebook said it would submit a proposal to its shareholders' meeting on May 26 to offer personal security to directors, which it deems necessary due to the "constant scrutiny faced by its directors as a result. of their service to the Management Board ".

Facebook: Spend $ 23 million on Zuckerberg security in 2020
Facebook: Spend $ 23 million on Zuckerberg security in 2020

Facebook approved personal security services for some non-executive executives in January and February "in light of the high level of control the company and its executives face, as well as the dynamic and charged atmosphere after the election 2020 in the US and the attack on the US Capitol on January 6, 2021, according to the proxy statement.

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A January report from Tech Transparency Project found that some of the extremists who attacked the Capitol had used private Facebook groups for months to plan and coordinate the January 6 uprising, despite remarks by Facebook COO Sheryl Sandberg that "events were organized to a large extent on platforms where the company does not have the ability to stop hatred, while these platforms do not have the standards or the transparency of the company ".

Source of information: theverge.com


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