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I am not a CEO, but I am pretty sure that after the company becomes a national entity there are some specific insurances specialized for this kind of individual
by braza 2y ago
I am not a CEO, but I am pretty sure that after the company becomes a national entity there are some specific insurances specialized for this kind of individual and the board provides some security at company expenses [1].
For instance: The shareholders of Tesla know that it has a huge dependency on the services of Elon Musk, and the continuity and value of the business rely upon his ability to work (i.e. not being dead); I strongly believe that if the board of directors does not allocate security services to keep the continuity of his life (i.e. to keep him working) I would be surprised that it wouldn't be a gross breach in their fiduciary duties.
[1] - https://fortune.com/2024/09/14/tech-billionaire-ceos-security-costs-meta-tesla-apple-nvidia-google/ https://fortune.com/2024/09/14/tech-billionaire-ceos-securit...
[2] - https://www.sec.gov/Archives/edgar/data/1318605/000119312510017054/ds1.htm#toc51863_4 https://www.sec.gov/Archives/edgar/data/1318605/000119312510...
- throwaway48476 2y agoTesla is a unique case in that their overvaluation is very much tied to elon personally. Elon is also a public and recognizable figure. Security is usually to keep the crazies away, not the dedicated attacker. If you're a nonpublic figure you don't have to worry about being recognized and attacked by random crazy people.