According to the tech giant, specific threats were identified against Zuckerberg:
“He is synonymous with Facebook, and as a result, negative sentiment regarding our company is directly associated with, and often transferred to, Mr. Zuckerberg.”
The cost of ensuring the safety of the head of the company and his family was $13.4 million last year, and a year earlier, it was $10.4 million. In 2020, protection costs increased against the backdrop of the COVID-19 pandemic, the US presidential election, as well as an increase in the number of security personnel.
The compensation, nominating and governance committee of the company believes that due to possible threats, these costs are appropriate and necessary. Besides, Zuckerberg only gets $1 a year in annual salary at Facebook, without receiving any bonuses or equity rewards.
In addition, at a May 26 shareholder meeting, Facebook will suggest the idea of offering personal security services to directors who are not employees of the company from time to time.