The value to guard high-profile tech execs is spiralling whilst lockdowns have grounded journey to a halt. A brand new evaluation of the security bills racked up by Silicon Valley giants reveals they collectively spent $46 million to safeguard their high brass final year. Of that determine, $23.4 million alone was spent on Facebook chief Mark Zuckerberg’s personal security, up from $20.4 million in 2019, in line with the report by Protocol.
The company attributed the rise to new COVID-19 protocols and extra safety in the course of the election. Included within the determine was a pre-tax allowance of $10 million and a further $13.4 million for the Facebook founder’s personal security. As a end result, Zuckerberg far eclipsed others on the listing together with the world’s richest individual, Jeff Bezos, who paid $1.6 million in personal security prices. Signalling simply how cautious Facebook is, the company’s COO Sheryl Sandberg was in second place with security price $7.6 million in 2020.
The outcomes mirror the rising stature of the tech elite, who’ve grown extra recognizable alongside the ballooning market caps of their corporations, which give globally standard companies. Fame has inevitably introduced with it unwarranted consideration.
Facebook, which has been accused of all the things from polarizing public discourse to enabling the unfold of vaccine misinformation, has a proper to be defensive. The company has beforehand famous in SEC filings that Zuckerberg is “synonymous” with the “negative sentiment” round it. In April, Facebook famous that its yearly assessments “recognized particular threats to Mr. Zuckerberg.” Other tech leaders have additionally borne the brunt of their notoriety. In 2020, it was revealed that Bezos’ telephone had been hacked through WhatsApp two years prior, doubtlessly by Saudi crown prince Mohammed bin Salman.
The security bills listing consists of 11 people in complete. In third place is Google’s Sundar Pichai ($5.4 million in safety prices), adopted by Lyft co-founder and president John Zimmer ($2.06 million), Oracle’s Larry Ellison ($1.71 million), Snap’s Evan Spiegel ($1.67 million), Bezos, Salesforce boss Marc Benioff ($1.31 million), Uber’s Dara Khosrowshahi ($849,000), Lyft CEO Logan Green ($599,000) and Apple’s Tim Cook ($470,000).
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