Bodyguards, security costs, and private jets: Companies can spend millions prote...
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Bodyguards, security costs, and private jets: Companies can spend millions protecting CEOs like Mark Zuckerberg and Tim Cook
The world's top executives earn millions in compensation each year — but it's not all cash money.
Security and private jets for head honchos can costs companies millions each year.
Take a look at how much some of the world's top companies spend on protecting and flying execs.
David Solomon: $73,138 in 2021
Goldman Sachs Chairman and CEO David Solomon made $39,545,072 in total compensation in fiscal year 2021, according to Goldman's 2022 proxy statement.
In addition to his salary, bonus, and stock awards, he received $264,892 in "other compensation," which included $10,938 for personal security, and $62,200 for a car and driver.
Goldman considers personal security, as well as the car and driver, as a business-related necessity "due to the high-profile standing of our CEO," per the filing.
Source: SEC
Jamie Dimon: $277,659 in 2021
As CEO and Chairman of JPMorgan Chase, Jamie Dimon earned $84,428,145 in total compensation in fiscal year 2021, according to the bank's most recent proxy statement. That number included $146,847 for personal use of the company's aircraft, $30,099 for personal use of the company's cars, and $100,713 for security for his residence and personal travel.
Dimon's personal use of the company's aircraft, cars, and security are part of security measures approved by the bank's board, according to the filing.
Source: SEC
Dara Khosrowshahi: $507,579 in 2021
Dara Khosrowshahi, Uber's CEO, earned $19,937,818 in fiscal year 2021, which included $507,738 in "other compensation," according to the company's 2022 proxy statement. His security and personal safety costs added up to $507,579 — $402,366 of which was for personal transportation services and $105,213 of which was for "protective intelligence services."
Uber's filing says its security program includes certified protection officers, as well as secure meeting spaces and lodging for its executives.
In 2021, Uber provided security staff at Khosrowshahi's residence, along with technology equipment, "and services to Mr. Khosrowshahi at his home that were intended to duplicate, as best as possible, those services that would have been provided to him at our corporate headquarters, in order to make his home secure and functional as his primary workplace, to comply with local stay at home orders in effect as a result of the COVID-19 pandemic, and based on our assessment of the credibility of threats that were made against Mr. Khosrowshahi."
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