Mark Zuckerberg made just $1 salary from Meta in 2023 and $24.4M in other compensation

Mark Zuckerberg received the lowest salary of all of Meta’s staff in 2023, with his measly $1 salary — though the Big Tech chief raked in a staggering $24.4 million in “other compensation.”According to a proxy filing statement, the lion’s share of this “other compensation” covered Zuckerberg’s security costs.Though the Securities and Exchange Commission filing didn’t disclose just how much of the sum was spent on protecting the 39-year-old CEO, it was revealed last year that the Facebook owner boosted its budget for keeping its boss safe to $14 million, up from $10 million in previous years.The 2023 bump, which marked a 40% increase in Zuckerberg’s personal security pre-tax allowance, came during the exec’s so-called “year of efficiency,” when the company laid off 13% of its workforce, or roughly 11,000 employees, as Zuckerberg looked to make Meta “leaner.”Zuckerberg is allowed to use the money to pay for “additional personnel, equipment, services, residential improvement” and other safety-related needs, Meta said at the time.Meanwhile, the other funds within Zuckerberg’s $24.4 million compensation went to “costs related to personal usage of private aircraft,” per the filing earlier reported on by Fortune, which also noted that Zuckerberg received $1 in salary “per his request.”He also “does not participate in our Bonus Plan nor did he receive any equity awards,” the proxy statement said.Meta also included that the median annual compensation among its 67,000-plus employees, excluding Zuckerberg, was an impressive $379,050.In comparison, the average tech worker earns anywhere between $35,000 and $120,000 depending on the role, according to Fortune, citing data from Indeed.

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