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FILE - Apple CEO Tim Cook reacts at the annual meeting of the China Development Forum at the Diaoyutai Guesthouse in Beijing, China, March 24, 2024. In an era when online anger and social tensions are increasingly directed at the businesses consumers count on, Meta last year spent $24.4 million on guards, alarms and other measures to keep Zuckerberg and the company’s former chief operating officer safe.while he walked alone on a New York City sidewalk has put a spotlight on the widely varied approaches companies take in protecting their leaders against threats.
Some of the biggest U.S. companies, particularly those in the tech sector, spend heavily on personal and residential security for their top executives. Just over a quarter of the companies in the Fortune 500 reported spending money to protect their CEOs and other top executives. Of those that did, the median payment for personal security doubled over the last three years to about $98,000.
Others forgo in-person meetings with shareholders, including Amazon, which holds its annual shareholder meetings virtually.
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