The cost of protecting high-level tech executives is spiraling even as travel restrictions have been halted. A new analysis of security costs incurred by the Silicon Valley giants shows that they collectively spent $ 46 million last year protecting their senior management. Of that amount, only $ 23.4 million was spent on the personal safety of Facebook CEO Mark Zuckerberg, up from $ 20.4 million in 2019, according to the report. Protocol…
The company attributed the growth to new COVID-19 protocols and additional protections during elections. This figure includes $ 10 million before taxes and an additional $ 13.4 million for the personal safety of the Facebook founder. As a result, Zuckerberg far eclipsed others on the list, including the world’s richest man, Jeff Bezos, who paid $ 1.6 million in personal safety expenses. COO Sherrill Sandberg, which is showing caution on Facebook, came in second with a price tag of $ 7.6 million in 2020.
The results reflect the growing status of the tech elite, which has become more recognizable along with the growing market capitalization of their companies providing services that are popular around the world. Glory inevitably attracted undue attention.
Facebook, which has been accused of everything from polarizing public discourse to spreading misinformation about vaccines, has a right to defend itself. The company previously noted in documents from the Securities and Exchange Commission that Zuckerberg is “synonymous” with “negative sentiment” around him. Facebook noted in April that its annual assessments “have identified specific threats to Mr. Zuckerberg.” Other tech leaders bear the brunt of their notoriety as well. In 2020, it was revealed that Bezos’ phone had been jailbroken via WhatsApp two years earlier. the potential Crown Prince of Saudi Arabia, Mohammed bin Salman.
There are 11 people in the list of expenses for security. In third place is Google’s Sundar Pichai ($ 5.4 million in defense), followed by Lyft co-founder and president John Zimmer ($ 2.06 million), Oracle’s Larry Ellison ($ 1.71 million), Evan Spiegel of Snap ($ 1.67 million), Bezos, boss of Salesforce. Mark Benioff ($ 1.31 million), Uber’s Dara Khosrowshahi ($ 849,000), Lyft CEO Logan Green ($ 599,000), and Apple’s Tim Cook ($ 470,000).
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