Apple Spends Over $700,000 a Year To Protect CEO Tim Cook
Aug 11, 2015 12:32
How much does your security cost? How much does it cost to keep you safe from harm? If you're Apple's CEO, then expect the company to spend as much as $700,000 a year to ensure no harm comes your way. Dubbed 'security expense,' discovered by Patently Apple, it was included in Apple's 'Schedule 14A' report with the SEC.
“This amount represents: (i) the Company’s contributions to Mr. Cook’s account under its 401(k) plan in the amount of $15,600; (ii) Company-paid term life insurance premiums in the amount of $2,520; (iii) vacation cash-out in the amount of $56,923; and (iv) security expenses in the amount of $699,133.”
We're not sure what his security detail is like. Could it be bodyguards, armored cars, guns? We're not sure.
Still, Apple isn't the only one that spends good money on security for their top dog. Fortune reported in 2013, Amazon spent $1.6 million to keep Jeff Bezos safe.
Laptops are becoming an essential item for the home, work and for those who travel frequently. They’re becoming increasing light, fast and just as powerful a PCs too. However, not all laptops are equal when it comes to features. But with new products on the market every year, you should be able to find a model that suits your needs. If you're considering buying a new laptop computer, here are some of the things you should look at. Read more
With the passage of time, the concerns related to cyber security are definitely shooting up. It would not be wrong to say that the global economy is hugely dependent on the present day technology. For this reason, it is important to come up with effective methods to protect ourselves from the cyber threats that lurk behind the new technologies. Read more
Android Game Development The RecentSmartness in Android Market, The movement of Android application development, gets no limit of categories and is growing gradually, the most challenging being Android Game Development. Read more