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.
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