One of the numbers disclosed in Apple’s Schedule 14A filing with the Securities and Exchange Commission was the amount Apple spends annually on protecting CEO Tim Cook. Patently Apple spotted the entry listing “security expenses in the amount of $699,133.”
Tim Cook rarely has much visible security when seen at public events, but bodyguards are doubtless there in the background. It’s likely that a sizeable chunk of the expenditure protects his surprisingly modest four-bedroom home …
If anything, the figure is rather low for the high-profile CEO of one of the largest companies in the world. Fortune noted earlier this year that Amazon last year spent $1.6M on security for CEO Jeff Bezos, while Oracle spent $1.5M on protecting the home of then-CEO Larry Ellison.
The figure likely reflects only those costs that are specific to protecting Cook. There will, of course, be more general security costs associated with protecting Apple execs both at 1 Infinite Loop and at events.
Via Business Insider