A new SEC profile shows that Facebook spent more than $23 million last year on securing CEO Mark Zuckerberg.
The company's annual security audits showed that there were "specific threats to Mr. Zuckerberg," according to the company's agent's statement to the Commission on Friday.
The agent says about the role of Facebook's CEO, "Zuckerberg's name is synonymous with Facebook, and as a result, negative feelings about our company are directly linked, often passed on to Mr. Zuckerberg."
The costs of protecting Zuckerberg and his family increased in 2020, mainly due to travel protocols for COVID-19, increased security coverage during the 2020 US election season, "other periods of increased security risk," as well as higher security personnel costs.
The "All Other Compensation" section of the agent's statement shows that Facebook spent $23 million to house Zuckerberg's personal security and to travel with him and his family.
The Chief Executive Officer also received an additional $ 10 million for security and other security personnel costs, while the cost of basic security was $ 13.4 million last year, compared to $ 4 million in the previous year.
The company's agent statement said, "The Compensation and Governance Commission believes that these costs are appropriate and necessary in the light of a threat, and the fact that Mr. Zuckerberg has requested only one dollar of annual salary and does not receive any additional payments, equity bonuses, compensation and other incentives."
Also in the statement submitted on Friday, Facebook said that it would make a proposal at the shareholders' meeting on 26 May to provide personal security to non - appointed managers from time to time, which it says is necessary because of the "constant scrutiny our managers face as a result of their service on our board."
Facebook approved personal security services for some non - employees last January and February "in the light of the high level of scrutiny our company, executives, and managers face, as well as the charged atmosphere after the 2020 US election and the attack on the US Capitol on January 6, 2021," the agent's statement states.
A report released last January by the Transparency Tech Project Commission found that some of the radical troublemakers in the Capitol attack had for several months used private Facebook groups to plan and coordinate the attack, despite observations by Facebook Operations Director Sheryl Sandberg that "Events have been organized largely on platforms that do not have our capacity to stop hatred, do not have our standards and do not enjoy our transparency."