That the top executives of the most important companies in the world have around them a major security operation, is not illogical. After all, these are people who have a very high level of public exposure and fortunes valued in the tens of billions of dollars; therefore, their safety — and that of their family — may be at greater risk than usual. And setting up operations of this magnitude is clearly not economical. as collected Bloomberg, Meta allocates nearly $27 million a year to protect Mark Zuckerbergan amount that far exceeds what other companies allocate to take care of their managers High.
The data comes from a document submitted by the parent company of Facebook, Instagram and WhatsApp before the United States Securities and Exchange Commission. According to her, the company allocated $15.2 million in 2021 for Zuckerberg’s security at his properties and personal travel. Another $10 million was for the protection of his family during the same period, plus another $1.6 million to cover the businessman’s transfers by private plane.
Meta assures that the security program around Mark Zuckerberg is sensitive to security risks regarding his role as a central figure in the company. “We believe that Mr. Zuckerberg’s role places him in a unique position: he is synonymous with Meta, and therefore negative sentiment towards our company is directly associated with, and often transferred to, Mr. Zuckerberg. .” “, says the document. filed with the SEC.
Another notorious fact, the nearly 27 million dollars per year allocated to its security is the only additional compensation received by the founder of Facebook. Recall that Zuckerberg receives a symbolic salary of one dollar per year and has a fortune valued at nearly $79 billion as the majority shareholder of his company.
Mark Zuckerberg’s security costs a lot more than other ‘top’ entrepreneurs
Considering that in 2021 Meta had revenues of $118 billion, 27 million for the security of Mark Zuckerberg is a crumb. Even so, this is a much larger amount than other major US corporations have allocated to protect their most visible executives.
Google, for example, spent $4.3 million last year to protect Sundar Pichai, its CEO. While the operation behind larry ellison it cost Oracle $2.2 million over the same period; and Amazon has barely allocated 1.6 million to take care of Jeff Bezosits founder and former CEO.
And the gap gets even bigger when you compare Mark Zuckerberg’s level of security with that of warren buffet. The 91-year-old investor with a fortune of over $127 billion, spent only $273,000 for your protection in 2021. While keeping safe Parag Agrawal it cost twitter a bit $63,000 annual.
However, Meta isn’t just spending large sums of money on Mark Zuckerberg’s protection. The company also allocates a very large amount to Sheryl Sandberg, its chief operating officer; last year, security measures around the executive cost about 9 million dollars.
It is clear that we are talking about astronomical numbers that, most likely, many of us will never see in our entire lives. However, the international exposure of the most prominent executives has a price, and it is not necessarily monetary.
A recent example is Tim Cook, the CEO of Apple. In February, it became known that his house was not displayed on Apple Maps and Google Maps, but was “censored” with pixels. This is due to a complaint against a stalker that she sent threatening photos to the businessman and was found trespassing on his property; situation which forced the leader of the Californian firm to seek an injunction.
I am Bhumi Shah, a highly skilled digital marketer with over 11 years of experience in digital marketing and content writing in the tech industry.