Facebook is also revamping its board of directors in a bid to push into video.
BANGALORE: Facebook Inc Chief Executive Officer Mark Zuckerberg’s compensation for 2018 more than doubled to US$22.6 million, a regulatory filing showed on Friday.
Facebook has in the past few years faced public outcry over its role in Russia’s alleged influence on the 2016 US presidential election and has come under fire following revelations Cambridge Analytica obtained personal data from millions of Facebook profiles without consent. Facebook said Netflix Chief Executive Officer Reed Hastings would vacate his seat on the social media company’s board and not be nominated for re-election.Hastings has served on Facebook’s board since 2011.
Facebook also said it will nominate PayPal’s senior vice president of core markets, Peggy Alford, to its board in place of University of North Carolina president emeritus Erskine Bowles, who will also not be re-nominated.Subscribe to our newsletter and get news delivered to your mailbox.
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