Latest SEC filings show just how much tech companies are paying for executive security

Mail Online | 1/17/2019 | Reporter
DebraS (Posted by) Level 3
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Silicon Valley execs are spending considerable amounts of money to protect their executives, with Facebook spending more than $7million to keep Mark Zuckerberg safe.

Facebook spent $7.3million for Zuckerberg's security in 2017, Wired reports. 2018's total security spending for the exec expected to reach $10million.

Zuckerberg - Security - Detail - Cost - Amount

Zuckerberg security detail cost just $2.6million in 2013, the same amount Facebook spent to protext chief operating officer Sheryl Sandberg in 2018.

Other tech giants are a little more frugal about shelling out to keep their head honchos safe.

Apple - Security - CEO - Tim - Cook

Apple spent $310,000 on security for CEO Tim Cook, according to their most recently filed proxy statement that was filed earlier this month.

Amazon spent approximately $1.6million on protection for Jeff Bezos, a similar figure Oracle spent for Larry Ellison, according to documents filed with the US Securities and Exchange Commission.

Alphabet - Parent - Company - Google - CEO

Alphabet, the parent company for Google, spent roughly $600,000 to protect CEO Sundar Pichai. They spent an additional $300,00 on security for former executive chair Eric Schmidt.

Intel spent $1.2million on detail for former CEO Brian Krzanich in 2017.

Facebook - SEC - Filing - Details - Committee

For Facebook, an SEC filing details how a committee from the board authorized 'overall security program' for Zuckerberg 'to address safety concerns due to specific threats to his safety.'

Included in the filing were details pertaining to the security established at Zuckerberg's homes and the cost of maintaining them. 'We believe that the costs of this overall security program are appropriate and necessary,' the company said in the filing.

Increase - Result - Zuckerberg - Image - Cambridge

The 2018 increase is believed to be a result of Zuckerberg's controversial image tied to the Cambridge Analytica scandal, data breaches and testimony he gave to Congress.

According to Arnette Heintze, who runs a security consultancy called Hillard Heintze, the Facebook head is probably the priciest head in security.

'I'd put that $10...
(Excerpt) Read more at: Mail Online
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