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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

Britney Nguyen
Fri, March 10, 2023, 2:16 AM GMT+9·9 min read
Meta CEO Mark Zuckerberg (left) and Google CEO Sundar Pichai.
Meta CEO Mark Zuckerberg (left) and Google CEO Sundar Pichai.Justin Sullivan via Getty Images/Tobias Hase/picture alliance via Getty Images
  • 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

david solomon
Goldman Sachs Chairman and CEO David Solomon earned $39,545,072 in total compensation in fiscal year 2021.Reuters / Shannon Stapleton

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

P Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US' JP Morgan bank on June 29, 2021 in Paris
JP Morgan CEO Jamie Dimon's $84,428,145 in total compensation in fiscal year 2021 includes costs for personal use of the company's aircraft, personal use of the company's cars, and security for his residence and when he travels.Michel Euler/Pool/AFP via Getty Images

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
Since Uber implemented its security program for CEO Dara Khosrowshahi, it "has identified actual and credible threats to Mr. Khosrowshahi's safety," its proxy statement said.Photo by Riccardo Savi/Getty Images for Concordia Summit

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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