Meta, a technology company, has reported a record high in its stock price following several years of growth. According to the company’s most recent annual report filed with the Securities and Exchange Commission, CEO Mark Zuckerberg could be hurt or injured during a cage match. According to the report, the company relies on the continued services and performance of key personnel, including Zuckerberg, who engages in high-risk activities like combat sports, extreme sports, and recreational aviation. The company is concerned about the risk of serious injury and death.
Zuckerberg’s love of high-risk sports, such as mixed martial arts, hydrofoiling, and CrossFit, has resulted in injuries, including an ACL tear during a training fight last year. While other tech titans, such as Elon Musk, have been involved in high-risk activities, Zuckerberg may be the only Big Tech CEO to have explicitly mentioned this as a concern for investors. Tesla, for example, makes no mention of Musk crashing one of its Gulfstreams but does admit that Musk does not devote his full time and attention to Tesla due to his other ventures.
Peers such as Microsoft, Apple, and Amazon either emphasise the importance of their CEOs or do not. Meta did not respond to the 10-K filing on Threads right away, but Zuckerberg did respond to a thread about the disclosure. While a public company’s “risk factor” section can be useful, it is typically not something that most investors are interested in. Meta takes Zuckerberg’s well-being seriously, investing $15 million in personal security in 2022.