The Spanish Javier Oliván gained 25.5 million {dollars} in 2024 as Meta Operational Director | Economy | EUROtoday

The remuneration of Javier Oliván, director of Meta Operations, amounted final yr to 25.51 million {dollars} (about 22.4 million euros to the present trade charge), in line with the decision of the Board of Shareholders made public this Thursday by the corporate. Oliván is one of the best paid supervisor of the corporate that owns Facebook, Instagram and WhatsApp, though Mark Zuckerberg safety and personal aircraft, which solely fees a wage greenback, legally elevates its remuneration to 27.2 million {dollars}.

The wage of the Spanish supervisor is barely under 25.56 million {dollars} of 2023. It is damaged down into 1.1 million mounted wage, a million bonus in metallic, 21.6 million in incentives in shares and 1.7 million in different remuneration. Almost all this final merchandise was allotted to private safety bills, together with a determine to take care of taxes with which these providers are taxed.

In the case of Zuckerberg, founder and principal goal shareholder, with a fortune valued at 178,000 million {dollars}, the 27 million {dollars} that seem as their remuneration are the corporate’s bills actuality in its security and transport. There are 10.4 million in idea of “expenses related to your personal security in your residences and during your personal trips” and one other 14 million as an annual allocation earlier than taxes “to cover the additional costs related to the personal security of Mr. Zuckerberg and his family.” This is joined by 2.6 million assumed by the corporate for bills associated to the non-public use of personal planes.

Oliván’s remuneration is the second highest among the many senior executives of the massive US -listed corporations. The classification is leaded by the president of Pepsico, Ramón Laguarta, with 28.8 million {dollars}. The remuneration of Joaquín Duato, president and first govt of Johnson & Johnson, was final yr of 24.3 million {dollars}, in line with the homogeneous accrual standards required by the Securities and Stock Exchange Commission. For his half, Enrique Lores achieved a remuneration of 19.4 million {dollars} in yr 2024, closed on October 31, as president and CEO of the HP computer systems and printers.

Among the senior Spanish administrators of contributed American corporations that aren’t the primary executives, Manuel Arroyo grew to become 2024 within the second supervisor of the Coca-Cola group with a better compensation, solely behind the President and CEO of the group, James Quincey. César Cernuda, a excessive supervisor of the Netapp laptop agency, primarily based in San José (California), earned $ 9.5 million in fiscal yr 2024, which within the case of stated firm closes on the finish of April.

Oliván’s aircraft

The name of the Meta Board additionally factors out that the Spanish supervisor has a property aircraft and that the corporate pays for using it for enterprise journeys. “We hire a private plane that is indirect and exclusive property of Javier Oliván and is operated by an independent charter flight company for the business trips of Mr. Oliván. On certain occasions, Mr. Oliván can be accompanied by guests when he uses said plane, and some members of our staff can also use it for business trips,” says the doc.

“For all these uses, we pay an amount according to the market rates for similar trips, in accordance with a written policy supervised by our Risk Audit and Supervision Committee and our Compensation Committee, Appointments and Governance. In 2024, we pay approximately 412,000 dollars for business trips on that plane,” he provides.