Facebook has spent over $ 23 million on security and air travel for CEO Mark Zuckerberg in 2019, more than the company spent in 2018 and 2017, according to a financial document released Friday.
In 2018, Facebook spent about $ 20 million for this purpose, and in 2017, $ 9.1 million.
Zuckerberg’s annual salary was $ 1 in 2019.
The funds include approximately $ 10,463 million for “costs related to Zuckerberg’s personal security at his home and during his travels.”
Another $ 10 million was needed to protect Zuckerberg and his family. By comparison, in 2018 Facebook spent $ 9.95 million on private security and $ 7.5 million in 2017.
The document also shows that Zuckerberg needed $ 2.95 million for private air travel. In 2018, costs of this type amounted to $ 2.59 million, and in 2017 to $ 1.52 million.
All expenses are recorded as “other compensation” for Zuckerberg.
At the same time, Facebook’s chief operating officer, Sheryl Sandberg, received a base salary of $ 875,000, rising from $ 843,000 in 2018. She also received a bonus of $ 902,740, higher than her $ 638,000 in 2018, and stock awards of $ 19.67 million. Sandberg received $ 18.42 million in stock awards in 2018.
Security costs for Sandberg were $ 4.37 million in 2019, compared to $ 2.9 million in 2018. Using a private jet by Sandberg cost Facebook $ 1.3 million in 2019, compared to $ 908,677 in 2018. Costs include the fare for passenger, fuel, crew and catering costs, reported by a charter company, Facebook has shown.
In 2019, Facebook reported four consecutive quarters with growth below 30%, ending the year with a 24.7% revenue advance in the fourth quarter, compared to the same period last year.
Facebook shares reached a record high on January 29, of $ 224.2 per share, before falling in tandem with the rest of the market, to a new low of the last 52 weeks, of $ 137.1 per unit, reached on 18 March. Facebook shares ended Friday trading at $ 175.19 per unit.