The cost of keeping Mark Zuckerberg safe continues to rise for the company Goal Platforms Inc., far exceeding what is spent by similar technology companies with high-profile executives.
The social media giant, formerly known as Facebook, spent more than $15.2 million in 2021 on expenses related to protecting its CEO. mark zuckerberg and his family at home and during personal travel, according to a recent regulatory filing.
That doesn’t include another $10 million that was given to mark zuckerberg as a pre-tax allowance for his family’s safety, as well as $1.6 million for the use of a private plane for personal travel.
In total, the company paid a $26.8 million security bill for mark zuckerberg37, and his family last year, a 6% increase from 2020.
Mark Zuckerberg’s security spending is higher than other high-profile executives
The presentation attributed the higher costs to regular personal travel, Covid-19 related protocols and market increases, for security personnel. The settlements comprise almost all of his compensation, since he receives an annual salary of $1 and receives no bonuses or stock awards.
The security costs of mark zuckerberg in 2021 are many times higher than those of their peers where the data is publicly available. Amazon.com Inc., for example, spent $1.6 million protecting Chairman Jeff Bezos last year, while Tesla Inc. does not disclose any security costs associated with the CEO.
Meta also pays expenses of other executives
Goal it also pays for the security of other top leaders, including nearly $9 million in 2021 to protect chief operating officer Sheryl Sandberg. That doesn’t include $2.3 million from Sandberg’s use of private planes for personal travel.
Starting in 2022, the company will also cover the personal travel of mark zuckerberg on an aircraft owned and operated by a charter airline.
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Mark Zuckerberg’s security costs Meta $27 million a year