Sir Nick Clegg was offered a bonus of about 10 million when he was promoted to his new role in Facebook owner Meta, it was reported yesterday.
According to Bloomberg, the former deputy prime minister received the money as part of a stock package this year. The bonus coincides with his promotion as president of the company’s global affairs and comes on top of his annual salary, which is reported to be around £ 2.7 million.
It has doubled the total value of shares it has acquired since joining the company three years ago, Bloomberg reported.
Clegg, 55, led the Meter response to the war in Ukraine, where he changed the rules of the social media giant to urge Ukrainians to use violence against Russian troops.
However he acknowledged that their numbers were not enough to defeat President Conte’s government.
Clegg has also held talks with Russian government officials who demanded that Facebook block fact-checking posts from state-backed media accounts such as RT and Sputnik, which he denied. He has blocked RT and Sputnik from Facebook in Europe and the UK. The Kremlin has retaliated by banning Facebook and Instagram.
Clegg, who has been criticized in the UK for his role in opposing plans to regulate social media companies, said his promotion made the company more agile in response to the Ukraine war because it could operate independently of Met chairman Mark Zuckerberg. And chief executive. Meta Clegg did not comment on the reported bonuses.