It's expensive to be one of the most well-recognized billionaires on the planet. Facebook's regulatory filing for the Securities and Exchange Commission revealed that CEO Mark Zuckerberg's security expenses for 2017 were $7.3 million. In 2016 they were $4.9 million.
Among the expenses are the purchase, installation, and maintenance for Zuckerberg’s personal residences, which include properties in San Francisco and Palo Alto. It also includes his personal usage of private aircraft. Security expenses accounted for 83% of Zuckerberg’s overall compensation package in 2017, which rose by over 50%. However, his base salary still remains at $1.
Zuckerberg's net worth is $66 billion, so $7.3 million represents 0.01% of his net worth. If a person worth $1 million had a proportional security package, it would amount to $111.
Image: Anthony Quintano/Flickr, Attribution 2.0 Generic (CC BY 2.0)
A really bad new law in Australia gives police the right to force companies like Apple to ‘backdoor’, or create encryption circumvention alternatives, in all their products. The issue has been controversial in the U.S. for a long time, and spiked in 2016 after the mass shooting in San Bernardino.
The Department of Homeland Security on Tuesday issued an “emergency” security alert urging federal civilian agencies to secure login credentials for their respective internet domain records.
Most Facebook users have no idea how the company tracks and profiles everything they do to target ads, a new Pew Research study confirms.
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