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They spent $890,339 on security for Evan Spiegel in 2016? Why does he need that much security? Who is trying to hurt him?
by vineetch 10y ago
They spent $890,339 on security for Evan Spiegel in 2016? Why does he need that much security? Who is trying to hurt him?
- trendia 10y agoAccording to Wikipedia, he has $2b in wealth [0]. I have no idea whether $900,000 / year is high or low for someone of that net worth. [0] https://en.wikipedia.org/wiki/Evan_Spiegel#Personal_life https://en.wikipedia.org/wiki/Evan_Spiegel#Personal_life
- rwmj 10y agoJohnny Depp spends "Over $150,000/month on full-time security for his children" according to current revelations. So $900K/year for someone who's not very famous isn't unreasonable I suppose.
- jonknee 10y agoJohnny Depp is also in a huge financial hole for irresponsible spending... Not a comparison.
- discodave 10y agoIt's easy to work out the cost of full time security. Lets say you need 2 people on rotation, they do 12 hours per day each (doable because they get to relax while client is at home etc.) then multiply by a reasonable salary for skilled labor like 70k then you get to 140k per year per person easily.
- skuhn 10y ago$890k seems high in that for the previous year it was only $328k. I guess they had to triple everything for BCP.
- yggda 10y agoApple Spends $220K on Tim Cook http://files.shareholder.com/downloads/AAPL/3444424458x0x921630/0F4F1DA5-8CC6-43DC-A27E-1D1FF97F9359/Apple_2017_Proxy_Statement.pdf http://files.shareholder.com/downloads/AAPL/3444424458x0x921...
- kgwgk 10y agoAnd Facebook spends $5mn on security for its CEO and $1m for its CFO. http://nypost.com/2016/04/28/facebook-has-spent-14-5m-on-zuckerbergs-security/ http://nypost.com/2016/04/28/facebook-has-spent-14-5m-on-zuc...
- giarc 10y agoI would say that Zuckerberg is much more recognizable than Spiegel. Likely gets mobbed where ever he goes.
- calbear81 10y agoYou forget to Spiegel is engaged to Miranda Kerr, supermodel and is likely to be super visible outside of work.
- wayne 10y ago$1.3M for its COO (Sheryl Sandberg), not CFO.
- kgwgk 10y agoTrue, sloppy copying. I guess the CFO is safe as long as the stock performs well :-)
- querulous 10y agoego
- pinnbert 10y agoEgo can be a problem. I heard that "querulous", on HN, has no ego though.
- haldean 10y agoA lot of people want to punch that dude.
- dreaminvm 10y agoIf Snap Inc. IPOs at their expected 25B value, Spiegel will be valued at nearly 5 billion (21% ownership), so ~1 million in security per year is not too far-fetched.
- fudged71 10y agoWhy not just kidnapping insurance?
- twinkletwinkle 10y agoMaybe he doesn't want to be kidnapped in the first place...
- dreaminvm 10y agoBecause he is not the most likable CEO and not everyone is looking for a payday. I am merely pointing out that his security costs are negligible to him/Snap Inc based on their valuation.
- bduerst 10y agoWhy not both? Imagine the insurance premiums on that much wealth, without any security.
- melvinmt 10y ago"When Spiegel travels between his company's scattered outposts, he normally has a Range Rover with a private driver transport him from building to building. The former employee described it like the president arriving: a black car would pull up and Spiegel would hurriedly pop out with his security detail." http://www.businessinsider.com/what-its-like-to-work-at-snapchat-2016-10 http://www.businessinsider.com/what-its-like-to-work-at-snap...
- ladybro 10y agoLots of Venice Beach locals are not happy that Snap is buying up prime property / increasing rents / bringing in yuppies etc. I wouldn't be surprised if he's received threats and is most focused on security while in and around the office.
- xxpor 10y agoCould also be that he's married to Miranda Kerr, so they have to deal with paparazzi