Tim Cook’s Security Costs Apple $700,000 a Year
Protecting your CEO is important, a dead CEO is no use to anyone, is he? So obviously, companies spend plenty of money to protect their leadership.
Same if the case with Apple, who doesn’t want rival fanboys clubbing the CEO to death. So, in order to protect CEO Tim Cook, Apple spends around $700,000 a year, pocket change for Apple if you ask me.
The number came from details submitted to America’s securities and exchange commission. Details were filed back in March but just now came to light.
vacation cash-out in the amount of $56,923; and (iv) security expenses in the amount of $699,133.
Apple also elaborated these expenses and said:
The Company generally does not provide perquisites to its officers that are not available to employees generally. Although the Company does not consider it to be a perquisite for his benefit, the Company provides home and personal security for Mr Cook because his personal safety and security are of the utmost importance to the Company and its shareholders.
Apple said that they consider these expenses to be necessary and in complete benefit of the company. I totally agree, a living CEO is completely beneficial for the company.
The information is pretty interesting but it would be even better if we knew how much other companies are spending on security for their higher-ups.
I hope Apple would spend some money on security of devices as well.
Sikander is a gamer at heart and loves to write about the latest technology trends. He does it all in the name of Techfrag!