Facebook spent $ 23.4 million on Mark Zuckerberg’s personal insurance



The costs of protecting top tech executors spiral even when locks have stopped the journey. A new analysis of the security costs accumulated by the Silicon Valley giants shows that they spent $ 46 million together last year to protect their top position. Of that figure, only $ 23.4 million was spent on personal insurance of Facebook boss Mark Zuckerberg, compared to $ 20.4 million in 2019, the report said. Protocol.

The company attributed the increase to new COVID-19 protocols and additional protection during the election. That figure includes a pre-tax supplement of $ 10 million and an additional $ 13.4 million for Facebook founder’s personal insurance. As a result, Zuckerberg far overshadowed others on the list, including the richest person in the world, Jeff Bezos, who paid $ 1.6 million in personal insurance expenses. Confirming how cautious Facebook is, the company’s COO Sheryl Sandberg was in second place with insurance worth $ 7.6 million in 2020.

The results reflect the growing growth of the technology elite, which has become more recognizable with the balloon market caps of their companies, which provide globally popular services. Fame inevitably brought with it unwarranted attention.

Facebook, which is blamed for everything polarizing public discourse to enable dissemination vaccine misinformation, has the right to be defensive. The company noted earlier in SEC reports that Zuckerberg was “synonymous” with “negative feelings” around him. In April, Facebook noted that its annual assessments “identified specific threats to Mr. Zuckerberg.” Other technology leaders also bore the brunt of their notoriety.In 2020, Bezos ’phone was revealed to be hacked via WhatsApp two years ago, potentially from Saudi Crown Prince Mohammed bin Salman.

The list of security costs includes a total of 11 individuals. In third place is Google’s Sundar Pichai ($ 5.4 million in protection costs), followed by Lyft co-founder and president John Zimmer ($ 2.06 million), Oracle’s Larry Ellison ($ 1.71 million), Snap’s Evan Spiegel (1 , $ 67 million), Bezos, Salesforce boss Marc Benioff ($ 1.31 million), Uber’s Dara Khosrowshahi ($ 849,000), Lyft CEO Logan Green ($ 599,000) and Apple’s Tim Cook ($ 470,000).

All products recommended by Engadget are selected by our editorial team, regardless of our parent company. Some of our stories include associated links. If you purchase something through one of these links, we may earn an associated commission.


Source link


Please enter your comment!
Please enter your name here