The global economic situation had led most tech companies to austerity. Meta, the umbrella company of Facebook, Instagram and WhatsApp, took a big step in this sense by announcing that it would lay off thousands of employees a few months ago. Now he’s giving Mark Zuckerberg an extra $4 million for security.$14 million per year will be spent on Zuckerberg’s security
The company’s CEO, Mark Zuckerberg, has called 2023 the “productivity year” for Meta, but it seems that the allowance he receives from the company for personal security will increase by another $ 4 million. In the regulatory body’s documents, Meta states that Mark Zuckerberg has a personal security allowance “to address security concerns due to certain threats directly against him as Meta’s founder, President, and CEO.” Since 2018, this allowance has been set at $10 million per year, but is being increased to $14 million this year.
Zuckerberg’s salary is $1.
This budget will be used to cover “additional personnel, equipment, services, housing improvements or other security-related costs” to help keep Zuckerberg and his family safe. However, the document points out that Zuckerberg only received a $1 salary, no bonus pay, stock awards, or other incentive compensation.On the other hand, as Business Standard points out, this is not the total amount Meta will spend on the security of its CEOs. Last year, Meta spent an additional $16.8 million on security, in addition to the $10 million allowance. In addition, it is said that Meta will go through another layoff after laying off 11,000 employees.
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