Facebook's founder and CEO Mark Zuckerberg speaks to the media in Paris. File/Reuters
Facebook Inc more than doubled the money it spent on Chief Executive Officer Mark Zuckerberg's security in 2018 to $22.6 million, a regulatory filing showed on Friday.
Zuckerberg has drawn a base salary of $1 for the past three years, and his "other" compensation was listed at $22.6 million, most of which was for his personal security.
Nearly $20 million went toward security for Zuckerberg and his family, up from about $9 million the year prior. Zuckerberg also received $2.6 million for personal use of private jets, which the company said was part of his overall security programme.
Facebook has in the past few years faced public outcry over its role in Russia's alleged influence on the 2016 US presidential election and has come under fire following revelations that Cambridge Analytica obtained personal data from millions of Facebook profiles without consent.
Chief Operating Officer Sheryl Sandberg took home $23.7 million in 2018 compared to $25.2 million last year.
Separately, Facebook said Netflix Chief Executive Officer Reed Hastings would vacate his seat on the social media company's board and not be nominated for re-election.
Hastings' departure comes as the Menlo Park-based company beefs up its push into videos. Hastings has served on Facebook's board since 2011.
The company also said it would nominate PayPal's senior vice president of core markets, Peggy Alford, to its board in place of University of North Carolina President Emeritus Erskine Bowles, who will also not be re-nominated.
Facebook shares closed at $179.07 on Friday evening.
Not to express sympathy for Mark Zuckerberg, but Facebook has reached the point where it just cannot win. Ever. Period. On Thursday, the company announced that it was permanently banning a handful of people who had used Facebook and its subsidiary Instagram to push reprehensible notions into the world.
In the modern world of Facebook, Instagram, Twitter and many other apps that I also don’t use there seems to be an increasing number of people insulting each other, often anonymously. An insult, even just one word can cause so much damage. Most insults are intentional although perhaps perversely
By posting derogatory comments about female Hispanic lawmakers, including Alexandria Ocasio-Cortez, the outspoken Democratic congresswoman from New York and using the account to make memes and demean others, this group that currently has the US Border Patrol agents is filled with racism.
Food apps have made things easy for people to order food from comforts of their homes and satiate their hunger, but here is a case where a Zomato user in Hyderabad used it to reach his destination.
Sudan's military council and protest leaders on Saturday signed a hard-won "constitutional declaration" that paves the way for a transition to civilian rule.
A fire broke out on two floors of a building in the All India Institute of Medical Sciences (AIIMS) hospital here, leading to panic among the people in the premier medical institution, officials said on Saturday.
The 2019 teenagers, one for each year, lined up playing the tambourine-like Rapa'i and singing a song that recounts the history of Islam in the southeast Asian country. This year, participants were selected from 140 villages in Aceh province's Blangpidie district to train for weeks for the independence day celebration.