Chip Somodevilla/Getty ImagesPublic-facing and celebrity executives, like Facebook's Mark Zuckerberg and Sheryl Sandberg, require heightened security when out in public, according to a security expert. In 2019, Facebook spent about $24 million on security for Zuckerberg and Sandberg.
But for executives whose performance can impact the financial stability of shareholders, especially famous ones like Mark Zuckerberg or Tim Cook, companies spend millions to ensure their safety. When companies provide security to executives, it's sometimes considered a benefit or compensation. All compensation paid to top executives has to be disclosed in SEC filings, which means that we can find out how much firms spent on security by analyzing publicly filed documents.
"Employers have a duty of care responsibility to provide a safe and comfortable workplace for all, including to their executive leaders," said Porter. "Key personnel are viewed as assets to the corporation and in many instances are central to the brand or organization's viability. If that leader or key figure should face harm, the organization loses the ability to generate revenue.
Of the top security spenders among big media and tech companies, Facebook is the clear frontrunner, with a combined $24 million spent on security for CEO Mark Zuckerberg and COO Sheryl Sandberg in 2019. This includes aproxy statement
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »