May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Facebook on Friday announced that it allocated CEO Mark Zuckerberg $20 million for security purposes -- that's four times what he received for security in 2016.
The increase shows up in a Friday afternoon financial filing, which showed Zuckerberg's compensation more than doubled from $9.1 million in 2017 to $22.6 million in 2018.
However, that increase is nearly all attributable to higher security costs. The company said Zuckerberg received nearly $10 million in 2018 for his standard personal security, plus an additional pre-tax allowance of $10 million, new this year, "to cover additional costs related to Mr. Zuckerberg and his family's personal security."
These funds are used to cover security at Zuckerberg's "residences and during personal travel." Zuckerberg received $7.6 million and $5.1 million for security in 2017 and 2016, respectively.
Not all of the funds in Zuckerberg's security compensation are for security, the filing said. About $2.6 million of the $20 million were "for costs related to personal usage of private aircraft."
Facebook has a broad security operation, which is known to track the locations of specific users that the company has deemed to be threats to Facebook and its executives.
Zuckerberg's sharp increase in 2018 compensation came after the company navigated a turbulent year riddled with scandals, starting with the Cambridge Analytica scandal in March, in which a political consultancy obtained personal data of Facebook users in an unauthorized way and used it to target political ads; and ending with the Definers Public Affairs episode in November, where Facebook was found to have used a firm to write negative stories about competitors and plant them in the press.