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After a tough couple of years, Meta is flying: Income is rising once more, income are manner up after some painful belt-tightening, and its inventory is at a document excessive.

What might presumably go incorrect?

Effectively, perhaps Mark Zuckerberg, its CEO, might get harm, or worse, in a cage match?

That is what Meta is suggesting in a brand new Securities and Alternate Fee submitting out this week. Within the firm’s latest annual report, it advised buyers that Zuckerberg routinely did dangerous stuff for enjoyable — and that it might be an actual downside for the corporate if he received injured doing that.

From Meta’s 10-Okay, filed below “danger elements”:

We at present depend upon the continued providers and efficiency of our key personnel, together with Mark Zuckerberg. Mr. Zuckerberg and sure different members of administration take part in numerous high-risk actions, comparable to fight sports activities, excessive sports activities, and leisure aviation, which carry the chance of significant damage and dying.

Meta is presumably referring to Zuckerberg’s well-documented embrace of all types of brotastic enjoyable, together with combined martial arts, hydrofoiling, and CrossFit. He has additionally been coaching to get his pilot license, The Info reported.

And he has gotten banged up alongside the best way: Final yr, he tore his ACL in a coaching combat.

Zuckerberg actually is not the one tech mogul who likes these items. His rival Elon Musk, as an example, flies himself round on a regular basis, and he famously challenged Zuckerberg to a cage match (which some folks insisted was going to be an actual factor however by no means panned out).

However he would be the solely Massive Tech CEO who’s spelled that out as an issue for buyers.

Musk’s Tesla, as an example, merely factors out that the corporate is “extremely dependent” on his providers and would not point out the prospect of him crashing considered one of his Gulfstreams. (It does, nevertheless, say that Musk “doesn’t commit his full time and a spotlight to Tesla” as a result of he is additionally working SpaceX, X, and different ventures.)

Friends comparable to Microsoft, Apple, and Amazon both say that their CEOs are vital or do not even point out them.

Meta reps didn’t instantly reply to a request for remark. However Zuckerberg mainly did, by responding to a put up in regards to the 10-Okay submitting on Threads:

It is price mentioning that whereas the “danger issue” part of any public firm could be helpful to scan, because it lays out all types of issues that might come up, it often shouldn’t be the sort of factor most buyers care about. The purpose is to insulate the corporate from legal responsibility in case one thing does go incorrect: “See? We advised you this might occur. Now inform your legal professionals to cease bothering us.”

So whereas Meta does take Zuckerberg’s well-being very severely — in 2022, it spent $15 million on private safety for him and his household — it is unlikely it thinks he will get actually, actually harm. However they’re letting us it might occur, simply in case.