- Meta paid CEO Mark Zuckerberg some $2.3 million in 2022 for his private personal jet journeys.
- It was a rise from earlier years of the COVID-19 pandemic that noticed journey disruptions.
Meta paid CEO Mark Zuckerberg almost $2.3 million in 2022 for his private personal jet journey, up from prior years of the COVID-19 pandemic.
That is increased than the roughly $1.6 million that Meta spent on such journeys for him in 2021, and the roughly $1.8 million in 2020, in line with the corporate’s 2023 proxy assertion filed on Friday.
Total, Meta spent greater than $27.1 million final yr on what it referred to as “all different compensation” for Zuckerberg, an quantity that encompasses a spread of security-related prices, in line with the submitting.
“Sustaining Mark’s security whereas enabling him to go about his life with minimal disruption requires complete and complex assets,” a consultant for Meta informed Insider in an announcement on Monday.
“Given the necessary position Mark performs at Meta, we’ve got safety measures in place for him which are in the most effective curiosity of the corporate,” the consultant mentioned.
Meta has mentioned it covers Zuckerberg’s safety bills, together with workers and sure safety infrastructure prices at his properties.
Moreover the non-public personal jet journey prices, Zuckerberg’s general compensation determine final yr additionally included some $14.8 million for safety at his properties and through his travels — rather less than the roughly $15.2 million that Meta spent on that in 2021.
Zuckerberg’s general compensation figures in recent times have additionally included a $10 million pre-tax allowance for additional measures to safeguard himself and his household, in line with its 2023 proxy submitting. In February, Meta bumped up that allowance to $14 million.
Whereas Zuckerberg continues to attract a $1 annual base pay and does not obtain annual bonuses, Meta’s SEC filings point out that sure safety and journey prices have trended up over time.
Meta spent essentially the most on his private personal jet use in 2019, paying almost $3 million for it that yr, in line with a overview of Meta’s proxy assertion filings since 2013. That features prices like gasoline and catering, in line with Meta’s filings.
In its 2023 proxy assertion, the corporate mentioned it had “recognized particular threats to Mr. Zuckerberg on account of the high-profile nature of being our founder, CEO, Chair, and controlling shareholder.”
“We imagine that Mr. Zuckerberg’s position places him in a novel place: he’s synonymous with Meta and, in consequence, detrimental sentiment concerning our firm is straight related to, and sometimes transferred to, Mr. Zuckerberg,” the corporate mentioned within the submitting.