$12 million spent on Mark Zuckerberg’s security from 2013 to 2015 | tech$news | Hindustan Times
Today in New Delhi, India
Dec 17, 2017-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

$12 million spent on Mark Zuckerberg’s security from 2013 to 2015

Facebook has spent over $12 million from 2013 to 2015 on Zuckerberg’s security detail, according to a SEC filing by the company

tech Updated: Apr 29, 2016 13:15 IST
HT Correspondent
Facebook has spent over $12 million from 2013 to 2015 on Zuckerberg’s security detail, according to a SEC filing by the company
Facebook has spent over $12 million from 2013 to 2015 on Zuckerberg’s security detail, according to a SEC filing by the company(AFP)

Mark Zuckerberg might own the most modest wardrobe for a Silicon Valley CEO, but doesn’t seem to compromise when it comes to safety. Facebook has spent over $12 million from 2013 to 2015 on Zuckerberg’s security detail, according to a SEC filing by the company.

The costs reported under “All Other Compensation” column in the 2015 Summary Compensation Table include the procurement, installation, and maintenance of security equipment at Zuckerberg’s home, as well as his security personnel.

This report follows securing the Facebook CEO’s position in the company by allotting non-voting stocks.

Read more: Zuckerberg tightens grip as Facebook profit soars

Facebook announced that its board of directors approved a plan to create a non-voting class of stock intended to raise capital while leaving Zuckerberg in control of the company’s vision and direction.

Shareholders will get to vote on the proposal at an annual stockholders meeting on June 20, according to Facebook.

The move aims to allow Zuckerberg to remain in charge even as he gives away the bulk of his holdings to charity as he announced last year with his wife.

With inputs from AFP