FACEBOOK SPENT $22.6MN ON ZUCKERBERG'S SAFETY IN 2018

Facebook more than doubled the money it spent on its CEO Mark Zuckerberg's security in 2018 to $22.6 million, a regulatory filling showed on Friday. Zuckerberg has drawn a base salary of $1 for the past three years, and his "other" compensation was listed at $22.6 million, most of which was for his personal security.

Nearly $20 million went towards security for Zuckerberg and his family, up from about $9 million the prior year. Zuckerberg also received $2.6 million for personal use of private jets, which company said was a part of his overall security programme. Facebook has in the past few years faced public outcry over in role in Russia's alleged influence on the 2016 US presidential election and has come under fire following revelations that Cambridge Analytica obtained personal data from millions of Facebook profiles without consent.

                   COO Sheryl Sandberg took  home $23.7 million in 2018 compared to $25.2 million last year. Separately, Facebook said Netflix CEO Reed Hastings would vacate his seat on the social media company's board. Hastings' departure comes as the Menlo Park-based company beefs up its push into videos. Hastings has served Facebook's board since 2011. 

The company also said it would nominate PayPal's senior Vice-president of core markets, Peggy Alford, to its board in place of Erskine Bowles, who will also not be re-nominated.