Elon Musk, the CEO of Tesla Inc and the largest individual shareholder in Twitter Inc, blasted the expensive expenditures of shielding Meta Platforms Inc (NASDAQ: FB) CEO Mark Zuckerberg from threats.
What happened was this:
On Sunday, Musk claimed the $26.8 million spent to secure Facebook chief Mark Zuckerberg from threats sounded “exorbitant.”
The entrepreneur was responding to a story by GiGadgets that said millions of dollars would be spent in 2021 to safeguard Zuckerberg and Chief Operating Officer Sheryl Sandberg.
According to GiGadgets, the $26.8 million was spent on private travel, security protocol as a result of COVID-19, and an increase in security personnel costs.
Meta also covers private flights on private planes.
The corporation spent $1.6 million last year, which was slightly less than previous years. Because Zuckerberg is “synonymous” with the corporation, Meta explains that they must invest money on his security. Starting in 2022, the firm will also cover the cost of using Zuckerberg’s own private plane; they will pay an amount for travel that Zuckerberg does on his own plane that is comparable to market costs for similar travel.
The security budget for Zuckerberg amounts for nearly all of the money Meta pays the CEO. Zuckerberg is paid only one dollar per year and does not participate in any bonus programmes.
Earlier this month, Musk made a dig at Facebook, saying that the Meta-run social media platform gave him “the willies.”
In reaction to a tweet by actor Sacha Baron Cohen in 2020, Musk called Facebook “lame.”
Musk has also made a financial contribution to Signal, a messaging service that competes with Meta Platforms’ Whatsapp.