Skift Take

We don't begrudge Zuckerberg his private travel, and he obviously has security needs. But, can't Zuckerberg afford his own getaways?

Mark Zuckerberg, the Facebook founder and CEO, he’s so fly.

In 2012, Facebook’s board, controlled by Zuckerberg, gave the wunderkind more than $1.2 million in “other compensation” to spend on private jets for personal use.

It all comes, the company explained in an SEC filing Friday, “for personal purposes in connection with his comprehensive security program.”

Not a bad exercise of wanderlust for Zuckerberg, who is permitted to bring guests along for the ride “on certain occasions,” Facebook says.

The $1.2 million for personal use of chartered aircraft in 2012 represents a 55.9% increase over the $783,529 Zuckerberg spent for basically the same purposes in 2011.

Zuckerberg’s total compensation for 2012 — including base salary, bonus, and this other compensation for aircraft use, was just under $2 million.

On the other hand, he took a $2.3 billion gain on stock options last year, as well.

November 16, 2022
Dallas-Fort Worth, TX and Online
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Tags: facebook

Photo credit: Facebook CEO Mark Zuckerberg has a lot to smile about, incliuding his travel budget. This photo was taken after addressing the audience during a media event at Facebook headquarters in Menlo Park, California, March 7, 2013. Robert Galbraith / Reuters