BUSINESS
The fact that Mark Zuckerberg takes just a dollar as his salary to work for Facebook, the social media platform he co created does not mean that $1 is the what all he takes home.
The fact that Mark Zuckerberg takes just a dollar as his salary to work for Facebook, the social media platform he co created, does not mean that $1 is the what all he takes home.
During the 10-hour long testimony last week, Facebook has disclosed the amount it spends on Mark Zuckerberg's security and travel among other expenses. The document that has been filed late on Friday, Facebook said it had spent $7.3 million in personal security costs and $1.5 million on personal use of private aircraft by Zuckerberg in 2017.
In 2017 the above mentioned spending witnessed the total rise of 54 per cent making the total amount of whopping $8.8 million. In 2016, Facebook has spent $5.8 million for the same level of security.
"Because of the high visibility of our company, our compensation and governance committee has authorized an overall security program for Mark 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," Facebook said in its disclosure.
Besides, Facebook disclosed that it had spent over $2.6 million to cover the security fees of COO Sheryl Sandberg.
Meanwhile, concern about Facebook Inc's respect for data privacy is widening to include the information it collects about non-users, after Chief Executive Mark Zuckerberg said the world's largest social network tracks people whether they have accounts or not.
Privacy concerns have swamped Facebook since it acknowledged last month that information about millions of users wrongly ended up in the hands of political consultancy Cambridge Analytica, a firm that has counted US President Donald Trump's 2016 electoral campaign among its clients.
Zuckerberg said on Wednesday under questioning by US Representative Ben Luján that, for security reasons, Facebook also collects "data of people who have not signed up for Facebook."
Lawmakers and privacy advocates immediately protested the practice, with many saying Facebook needed to develop a way for non-users to find out what the company knows about them.
"We've got to fix that," Representative Luján, a Democrat, told Zuckerberg, calling for such disclosure, a move that would have unclear effects on the company's ability to target ads. Zuckerberg did not respond. On Friday Facebook said it had no plans to build such a tool.
Critics said that Zuckerberg has not said enough about the extent and use of the data. "It's not clear what Facebook is doing with that information," said Chris Calabrese, vice president for policy at the Center for Democracy & Technology, a Washington advocacy group.
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