McAffee
Used to pay a similar amount for security to keep the world safe from its CEO
Apple spends $699,133 every year to keep chief exec Tim Cook safe, far, far higher than his modest life insurance premium of $2,500, according to an official document. The big figure isn't broken down and comes from a proxy statement filed with the Securities and Exchange Commission. This amount represents: (i) the Company’s …
I would assume that any bodyguard would take the money and do their job. But I somehow suspect that they wouldn't take a bullet for the "customer".
Disclaimer: When young and stupid and a Marine, yes.. I would have. But lately... nope. Outside of my wife, no CEO or elected official that I can think of off the top of my head would be worth it.
Apple is a public company and has to report stuff like this. I can't imagine what private companies stuff into executive compensation. Over the years of looking at job postings, etc. it's not uncommon to see large companies hiring an entire flight crew for their private jet fleet, security details, house cleaning services for the CEO, and others. We lowly employees don't get to write stuff like this into our contracts. $700K is a handful of ex-military security guys and part of an armored limousine.
One thing I'm not too keen about is execs basically getting their entire luxurious lives paid for by their company, then turning around and whining about paying taxes. Small business owners do this to a lesser extent too -- funneling their personal expenses through the corporation to reduce their net earnings and lower their tax bills, all while benefiting from the cars, houses, etc. that the company buys them. (Most companies hide this by giving "loans" and gradually forgiving them.)
Tim's a modest guy... see him around Palo Alto often. He lives in a small, unpretentious condo... (only $2-3 million for Palo Alto which translates to $500K anywhere else and looks it). Drives himself (albeit Porshe 911) to work and around town, etc. I suspect he'll one day give his money away because he really doesn't care about it. The guy lives the lifestyle of somebody earning $200-300K. That lifestyle may require a little extra effort from his handlers... but it's still cheaper than a fortress, security guard/chauffer, etc.