Unbelievable! Facebook spent a whopping $23 million on Mark Zuckerberg’s security

1 month ago 23
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As per the Securities and Exchange Commission filing, the institution said that the full information outgo is $23 cardinal which breaks down to astir $13.4 cardinal for the idiosyncratic information of Zuckerberg astatine his residences and an further $10 cardinal pre-tax allowance to screen further information costs.

Popular societal media level Facebook has revealed that it has spent a whopping $23 cardinal for providing information for its main enforcement serviceman Mark Zuckerberg successful its past fiscal year..

As per the Securities and Exchange Commission filing, the institution said that the full information outgo is $23 cardinal which breaks down to astir $13.4 cardinal for the idiosyncratic information of Zuckerberg astatine his residences and an further $10 cardinal pre-tax allowance to screen further information costs.

Primarily, the reasons down the emergence successful costs travel down to regular idiosyncratic travel, costs relating to information protocols during the pandemic, accrued information sum during the 2020 US elections, and different periods with accrued information hazard among others.

“We judge that Mr Zuckerberg's relation puts him successful a unsocial position: helium is synonymous with Facebook and, arsenic a result, antagonistic sentiment regarding our institution is straight associated with, and often transferred to, Mr Zuckerberg. Mr Zuckerberg is 1 of the astir recognized executives successful the world, successful ample portion arsenic a effect of the size of our idiosyncratic basal and our continued vulnerability to planetary media, legislative, and regulatory attention,” the institution said.

“The compensation, nominating & governance committee believes that these costs are due and indispensable successful airy of the menace scenery and the information that Mr Zuckerberg has requested to person lone $1 successful yearly wage and does not person immoderate bonus payments, equity awards, oregon different inducement compensation,” the institution added.

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