A new filing with the Securities and Exchange Commission shows that Facebook spent more than $23 million last year on security for CEO Mark Zuckerberg. Facebook’s annual reviews of company security “identified specific threats to Mr. Zuckerberg,” according to a proxy statement filed Friday.
“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 proxy says of the Facebook CEO’s role.
The company’s annual review of security programs showed the costs of protecting Zuckerberg and his family rose in 2020 mainly due to COVID-19 travel protocols, increased security coverage during the 2020 US election season “and other periods with…
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Author: Kim Lyons