12 Apr 2022
Meta Spent $26.8 Million in Security for CEO Mark Zuckerberg in 2021
The Index Today
Meta Platforms Inc. reportedly spends nearly $27 million in security for its CEO Mark Zuckerberg, far surpassing the security expenditure for other prominent tech companies in keeping their top executives safe.
As per a regulatory filing, the tech giant expended $15.2 million in 2021 to ensure the safety of Zuckerberg at his homes and during personal travel, reported Bloomberg News. However, the company also apportioned a $10 million pretax grant for his family’s safety as well as a $1.6 allowance for a private aircraft for the purpose of personal travel. In total, Meta spent $26.8 million, which is a 6% rise from 2020, to protect Mark Zuckerberg and his family in 2021.
However, according to the regulatory filing, the CEO is “synonymous” with the social media company given that the recent media, statutory and public attention that has garnered Meta a negative reputation of late “is directly associated with, and often transferred to, Mr. Zuckerberg.”
In addition to Zuckerberg’s security expenses, Meta also shelled out $9 million and $2.3 million in 2021 respectively for the safety and private air travel costs of Chief Operating Officer Sheryl Sandberg, reported Bloomberg News.