Facebook CEO’s remuneration jumps to $8.9 million as confidence costs soar

0

(Reuters) – Facebook Inc (FB.O) Chief Executive Mark Zuckerberg’s remuneration rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed on Friday, mostly due to aloft costs associated to a 33-year aged billionaire’s personal security.

FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce Committee conference per a company’s use and insurance of user information on Capitol Hill in Washington, U.S., Apr 11, 2018. REUTERS/Aaron P. Bernstein

About 83 percent of a remuneration represented security-related expenses, while many of a rest were tied to Zuckerberg’s personal use of private aircraft.

Zuckerberg spent most of final year roving after he affianced to revisit all a U.S. states that he had not formerly been to.

His confidence losses climbed to $7.3 million in 2017 from $4.9 million a year earlier.

Menlo Park, California-based Facebook paid to buy, implement and say confidence measures for Zuckerberg’s personal residences, that embody properties in San Francisco and Palo Alto, a filing showed.

The Facebook board’s remuneration cabinet certified Zuckerberg’s confidence program, a filing said, “to residence reserve concerns due to specific threats to his reserve outset directly as a outcome of his position as a founder, Chairman, and CEO.”

Zuckerberg’s bottom income was unvaried during $1, while his sum voting energy during Facebook rose marginally to 59.9 percent.

Facebook, that has consistently reported stronger-than-expected gain over a past dual years, has faced open cheer over a purpose in Russia’s purported change over a 2016 U.S. presidential election.

Earlier this week, Zuckerberg emerged mostly protection after confronting hours of doubt from U.S. lawmakers on how a personal information of several million Facebook users competence have been improperly common with domestic consultancy Cambridge Analytica.

Reporting by Munsif Vengattil in Bengaluru and David Ingram in San Francisco; Editing by Sai Sachin Ravikumar and Richard Chang

Share.

About Author

Leave A Reply