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Meta Platforms Inc. formerly known as Facebook spent a whopping $15.2 million in 2021 for keeping Chief Executive Mark Zuckerberg safe which is much more than what other technology companies are spending on the security of their CEOs.</p>
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In sharp contrast to Zuckerberg&rsquo;s security costs Amazon.com Inc. spent only $1.6 million for protecting Chairman Jeff Bezos in 2021, while Tesla Inc. has not disclosed any security costs for CEO Elon Musk.</p>
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Meta Platform stated that the money was spent to protect its chief executive officer at his homes and during personal travel, according to a recent regulatory filing.</p>
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Besides another $10 million was given to Zuckerberg as a pre-tax allowance for his family&#39;s security as well as $1.6 million for use of a private aircraft for personal travel.</p>
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In total, the company footed a security bill of $26.8 million for Zuckerberg, 37, and his family last year, which represents a 6% increase over the corresponding figure for 2020.</p>
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The filing attributed the higher costs to regular personal travel, protocols related to Covid-19 and higher charges for security personnel.</p>
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However, the amount accounts for almost all the compensation that Zuckerberg gets as he takes a token $1 annual salary and doesn&#39;t receive a bonus or equity rewards.</p>
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The regulatory filing states that Zuckerberg is &quot;synonymous&quot; with Meta amid increased media, legislative and regulatory attention, according to the filing, which said &quot;negative sentiment regarding our company is directly associated with, and often transferred to, Mr. Zuckerberg.&quot;</p>
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In the past year, the company has come under scrutiny over the release of internal documents by whistleblower Frances Haugen that suggests Facebook prioritizes profit over content moderation.</p>
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Meta also pays for security for other top leaders, including almost $9 million in 2021 to protect Chief Operating Officer Sheryl Sandberg. That&#39;s not including $2.3 million for Sandberg&#39;s use of private aircraft for personal travel.</p>
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Starting in 2022, the company will also cover Zuckerberg&#39;s personal travel on an aircraft owned by him and operated by a charter company.</p>
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&quot;For travel by Mr. Zuckerberg on the aircraft owned by Mr. Zuckerberg, we pay an amount commensurate with market rates,&quot; Meta Platforms stated.</p>
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<strong>Also read: <a href="http:// https://www.indianarrative.com/economy-news/mark-zuckerberg-loses-billion-as-facebook-shares-crash-knocked-off-world-s-top-rich-list-147897.html">Mark Zuckerberg loses $30 billion as Facebook shares crash, knocked off world&rsquo;s Top 10 rich list</a></strong></p>
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