It's a CEO's job to run the company, but it often falls to the company to keep them safe in turn.
Evan Spiegel is already known for his penchant of riding a black SUV throughout Venice, and job listings show his security guards must come armed.
But while protecting Spiegel cost almost $900,000 in 2016, he's hardly alone among tech CEO who have big money paid to keep them safe. Business Insider combed through US Securities and Exchange Commission filings to find what it costs to protect some of the most powerful CEOs in tech. Because this information is found on proxy statements that companies issue at different times throughout the year, some totals reflect security costs for either 2015 or 2016, depending on when they most recently filed.
Here's what companies are paying in order to protect their top brass:
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Twitter CEOs Jack Dorsey and Dick Costolo: $111,930
Because of a mid-year CEO switch in 2015, Twitter split its security costs among two CEOs. Former CEO Dick Costolo cost the company $43,424 to protect in 2015. Jack Dorsey's security details cost $68,506.
Source: SEC
Apple CEO Tim Cook: $220,432
Costs are for 2016.
Source: SEC
Google Executive Chairman Eric Schmidt: $359,581
Alphabet spent $359,581 to protect its chairman in 2015.
Source: SEC
See the rest of the story at Business Insider
Snapchat paid $890K to protect Evan Spiegel — Here's how that compares to other tech CEOs posted first on http://lawpallp.tumblr.com
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