Facebook spent $23 million for CEO Mark Zuckerberg's security in 2020

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 increased security risk,” as well as rising costs for security personnel. The “all other compensation” section of the proxy statement shows Facebook spent $23 million for personal security at Zuckerberg’s residences and for travel for him and his family. The CEO also got an additional $10 million to put toward security personnel and other security costs. The cost of base security was up to $13.4 million last year, compared to $10.4 million the year prior. “The compensation, nominating & governance committee believes that these costs are…
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