September 21, 2020

UPASI BLOG

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Facebook filing shows Zuckerberg and Sandberg’s compensation

Facebook filing shows Zuckerberg and Sandberg's compensation

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Facebook founder Mark Zuckerberg speaks at Georgetown University in a ‘Conversation on Free Expression” in Washington, DC on Oct 17, 2019.

Andrew Caballero-Reynolds | AFP | Getty Images

Fb used more than $23 million on stability and non-public air vacation for CEO Mark Zuckerberg in 2019, in accordance to a financial filing published on Friday. 

That is up from about $20 million invested in 2018 and $9.1 million Fb invested in 2017. Zuckerberg’s once-a-year income remains $1.

The money include “approximately $10,463,717” for “costs associated to private safety for Zuckerberg at his residence and all through his private journey.”

It also involves an added $10 million necessary to safeguard him and his family members. For comparison, Fb expended $9.95 million on private protection in 2018 and $7.5 million in 2017.

The submitting also shows Zuckerberg needed $2.95 million for personal aircraft expenditures. He used $2.59 million on non-public air journey in 2018 and $1.52 million on it in 2017. 

All of the costs are submitted less than “Other compensation” for Zuckerberg. 

In the meantime, Facebook’s chief operating officer Sheryl Sandberg took dwelling a very little in excess of $875,000 in foundation pay out, up from $843,000 in 2018. But, she acquired a $902,740 reward, up from $638,000 in 2018, and $19.67 million in inventory awards. She obtained $18.42 million in stock awards in 2018.

Sandberg also required particular security, which cost $4.37 million in 2019, up from $2.9 million in 2018. And her use of private plane expense Facebook $1.3 million in 2019 as opposed to $908,677 in 2018. The charges consist of passenger costs, gas, crew and catering expenditures documented by a charter company, Facebook claimed. 

But, in 2019, Facebook claimed four straight quarters of sub-30% advancement in a row, capping the year off with 24.7% income development in the course of the fourth quarter when compared to the very same time time period in 2018.

Shares of Fb strike an all-time large on January 29 at $224.20 for every share, ahead of dropping with the rest of the market place to a new 52-7 days lower on March 18 of $137.10 for each share. It closed on Friday at $175.19.

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