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Apple spends $700,000 a year to keep Tim Cook safe
- stephengillie 11y agoOne way to look at this is that it's part of the CEO's overall compensation-and-benefits package. Instead of paying the money to the CEO and having her (or him) purchase a security service, the company can purchase it directly. And a large company like Apple probably just has part of their security staff protect him. Losing a CEO is extremely disruptive to any company, and so this can also be seen as a business expense, similar to insurance protecting the company's headquarters building.
- kjs3 11y agoLosing a CEO is extremely disruptive to any company Losing a CEO is also a material event for a publicly traded company, and there's a whole ecosystem of lawyer who will file "shareholder" lawsuits if they think they can make the case you didn't spend enough to protect that CEO. Company-paid term life insurance premiums in the amount of $2,520 If what I pay is any indication, that's a big policy.