Meta has paid a lot of money for two of its top executives to travel on private flights. The company reportedly spent $6.6 million on private jets for CEO Mark Zuckerberg and former COO Sheryl Sandberg in 2022 alone, a 55% increase from 2019, according to a new report. report from the Wall Street Journal.
It is not uncommon for senior executives of large companies to travel on private flights, as it is a benefit that has been increasing and has surpassed pre-pandemic levels.
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Corporate spending on personal flights for senior executives at S&P 500 companies has increased 92% since 2015, and executives choosing to travel by private jet have fluctuated 35% since that same year, according to data of Equilar.
The data also reveals that large companies such as Las Vegas Sands (LVS) – Get a free reportTyson Foods (TSN) – Get a free report and FordMotor (F) – Get a free report They have also spent millions of dollars on company planes for senior executives, but Meta has spent the most of them all in 2022.
The Journal also found in its report that Meta's spending on Zuckerberg and Sandberg's private jet trips increased 55% from 2019.
High-profile people have been criticized in the past for the use of their private jets, as users on social media have complained that they are damaging the environment. For example, in 2022, data from marketing agency Yard revealed the top celebrities who are “CO2e offenders” based on the use of their private jets, and Taylor Swift, Floyd Mayweather and Jay-Z made the top three among other celebrities, prompting reaction on social networks.
Private jets can be a major polluter to the environment. According to a recent study According to the Institute for Policy Studies, “private jets emit at least 10 times more pollutants per passenger than commercial airplanes.”
Additionally, the study cites that emissions from the use of private planes have increased by more than 23%, as private flights have increased by a fifth since the beginning of the pandemic.
Despite his million-dollar use of private jets, Zuckerberg has been a climate change advocate in the past, encouraging people to make an effort to prevent the planet from being destroyed.
“It's time for our public works to define our generation,” Zuckerberg said during the inauguration. ADDRESS at Harvard University in 2017. “How about we stop climate change before we destroy the planet and get millions of people involved in making and installing solar panels?”
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