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Facebook spent $22.6m to preserve Mark Zuckerberg secure ultimate 12 months

Security costs for the tech billionaire and his own family more than doubled last year, as an outcry over facebook’s practices grew

Facebook more than doubled the cash it spent on top executive Mark Zuckerberg’s protection in 2018 to $22.6m, a regulatory submitting has showed.

Zuckerberg drew a base revenue of $1 for the past three years, and his “other” reimbursement became indexed at $22.6m, most of which turned into for his personal security.

Nearly $20m went closer to protection for Zuckerberg and his family, up from approximately $9 million the year prior. Zuckerberg also obtained $2.6m for private use of personal jets, which the organization said turned into part of his typical security program.

Facebook in the beyond few years has faced public outcry over its role inside the unfold of disinformation and political propaganda on-line, statistics breaches and privateness worries.

It consists of Russia’s alleged have an impact on at the 2016 US presidential election and revelations that Cambridge Analytica, a political consultancy employed through Donald Trump’s 2016 presidential marketing campaign, received non-public records from hundreds of thousands of facebook profiles without consent.

Leader running Officer Sheryl Sandberg took home $23.7m in 2018 as compared to $25.2m ultimate 12 months.

One at a time, facebook stated Netflix leader executive officer Reed Hastings could vacate his seat on the social media agency’s board and not be nominated for re-election.

Hastings’ departure comes as the Menlo Park-primarily based business enterprise beefs up its push into movies. Hastings has served on facebook’s board seeing that 2011.

The enterprise additionally stated it might nominate PayPal’s senior vice president of core markets, Peggy Alford, to its board in vicinity of college of North Carolina President Emeritus Erskine Bowles, who will also not be re-nominated.

Source; theguardian.com

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