Foreign Property News | Posted by Shwe Zin Win
Google, Amazon, Apple, Tesla, and other tech giants spend millions on private security for their chief executives.
It’s no surprise some of the world’s top tech executives earn millions in compensation each year — but it’s not all cash and stock rewards.
(Intel CEO Pat Gelsinger — $228,700)
(Intel CEO Pat Gelsinger. Photo: Michael M. Santiago (Getty Images)
Intel chief executive Pat Gelsinger is provided a car and security-trained driver, which cost $227,200 in 2023, according to a Securities and Exchange Commission filing.
Gelsinger also receives $1,500 for residential security.
((Amazon CEO Andy Jassy — $986,164))
(Amazon CEO Andy Jassy. Photo: Kevin Winter (Getty Images)
Security arrangements and business travel for Amazon chief executive Andy Jassy amounted to $986,164 in 2023, according to a Securities and Exchange Commission filing. Amazon says the “Company-incurred security costs are reasonable and necessary and for the Company’s benefit.”
((Tesla CEO Elon Musk — $2,400,000))
(Tesla CEO Elon Musk. Photo: Apu Gomes (Getty Images)
Tesla entered into a service agreement with a security company owned by its chief executive Elon Musk in December to provide him with security service, including in connection to his work and duties for Tesla, according to a Securities and Exchange Commission filing. The security services cost Tesla approximately $2.4 million in 2023, and approximately $500,000 through February of this year.
((Apple CEO Tim Cook — $2,441,777))
(Apple CEO Tim Cook. Photo: Rodin Eckenroth (Getty Images)
Apple paid $820,309 for personal security services for its chief executive Tim Cook in 2023, according to a Securities and Exchange Commission filing.
His personal air travel expenses totaled $1,621,468, which includes hourly flight charges, fuel charges, departure fees, and landing fees.
((Nvidia CEO Jensen Huang — $2,464,069))))
(Nvidia CEO Jensen Huang. Photo: Michael M. Santiago (Getty Images))
Nvidia spent $2,229,935 on chief executive Jensen Huang’s residential security and consultation fees in fiscal year 2024, according to a Securities and Exchange Commission filing. The company spent an additional $234,134 on security monitoring services, and car and driver services.
((Alphabet and Google CEO Sundar Pichai — $6,775,631))
(Alphabet and Google CEO Sundar Pichai. Photo: Justin Sullivan (Getty Images)
Alphabet and Google chief executive Sundar Pichai’s personal security cost the company $6,775,631 in 2023, according to a Securities and Exchange Commission filing. His personal security cost was part of his “All Other Compensation” which amounted to $6,802,824 in 2023.
((Meta CEO Mark Zuckerberg — $10,399,967))
(Meta CEO Mark Zuckerberg. Photo: Alex Wong (Getty Images)
Meta chief executive Mark Zuckerberg’s personal security at his residences and during personal travel totaled $9,431,139 in 2023, according to a Securities and Exchange Commission filing. His personal usage of private aircraft amounted to approximately $968,828 in 2023.
Ref: Mark Zuckerberg's security costs Meta $10 million. Here's what Big Tech spends protecting CEOs (qz)
Photo Credit- Michael M. Santiago/ getty images, Kevin Winter, Apu Gomes, Rodin Eckenroth, Justin Sullivan, Alex Wong