Meta spent $2.3M on Mark Zuckerberg’s non-public jet flights in 2022
Meta CEO Mark Zuckerberg racked up $2.3 million in bills for his private non-public jet journeys final yr because the tech titan raked in additional than $27.1 million in complete compensation, according to the company’s SEC filings.
Zuckerberg’s non-public jet tab was $700,000 greater than the $1.6 million Fb’s guardian firm paid out in 2021 and the roughly $1.8 million in 2020.
Meta stated that Zuckerberg, whose annual base wage is $1, was paid $27.1 million in so-called “all different compensation,” together with $14.8 million for what the corporate known as “prices associated to non-public safety” at his houses and through his travels — a drop from the $15.2 million spent in 2021.
“Sustaining Mark’s security whereas enabling him to go about his life with minimal disruption requires complete and complicated assets,” a Meta spokesperson advised The Put up.
“Given the necessary position Mark performs at Meta, we’ve safety measures in place for him which can be in one of the best curiosity of the corporate.”
Zuckerberg’s high-flying finances follows studies final week that employees were grumbling over the fact that Zuckerberg and different senior executives on the agency have been working remotely in far-flung locales whereas 1000’s of their colleagues have been being laid off.
In its SEC submitting, Meta stated it had “recognized particular threats to Mr. Zuckerberg on account of the high-profile nature of being our founder, CEO, Chair, and controlling shareholder.”
“We consider that Mr. Zuckerberg’s position places him in a singular place: he’s synonymous with Meta and, in consequence, unfavorable sentiment relating to our firm is instantly related to, and sometimes transferred to, Mr. Zuckerberg,” the corporate stated within the submitting.
Final Could, Jack Sweeney, a pupil on the College of Central Florida who gained fame by monitoring Elon Musk’s non-public jet flights on-line, created a Twitter handle devoted to Zuckerberg’s travels.
Sweeney posted a photo of a Gulfstream G650 jet that was stated to have belonged to Zuckerberg.
Zuckerberg, 38, has an in depth actual property portfolio that features houses and property in Palo Alto, Calif., San Francisco, Lake Tahoe and Hawaii.
Zuckerberg is spearheading a so-called “yr of effectivity” at Meta that has already resulted in more than 21,000 layoffs and the closure of 5,000 unfilled positions.
The Meta boss has additionally nudged remaining employees to spend extra time working within the workplace.