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Zuck's $16m security bill
Facebook has spent $16m on security for its CEO Mark Zuckerberg in the past five years, an SEC filing has revealed.
Last year, the social media giant spent $4.26m on "home security" for The Zuck; the year before that $5.6m. It has also spent about $500,000 a year on private jets for the CEO.
"Because of the high visibility of our company, our compensation & governance committee has authorized an 'overall security program' for Mr Zuckerberg to address safety concerns due to specific threats to his safety arising directly as a result of his position as our founder, Chairman, and CEO," the filing reads, before breaking out the figures. "We believe that the costs of this overall security program are appropriate and necessary."
What do the millions of dollars cover? "Procurement, installation, and maintenance of security measures for Mr. Zuckerberg's personal residences, and the annual costs of security personnel."
Zuckerberg owns a house in Palo Alto – the heart of Silicon Valley – and in 2013 also bought all four houses surrounding his property for $30m in order to control who can live in them. He reportedly leases the houses back to the previous owners. He also owns a 750-acre property in Hawaii.
It's not just Zuckerberg either. Last year, Facebook spent $1.25m on home security for its COO Sheryl Sandberg. ®