Companies Increase Security Spending for Executives Following CEO's Death
In the wake of the tragic killing of UnitedHealthcare CEO Brian Thompson, companies are taking steps to bolster security measures for their top executives. This follows a trend of increasing security budgets for CEOs in recent years.
Meta Platforms leads the pack in CEO security spending, allocating a staggering $23.4 million for founder and CEO Mark Zuckerberg's protection. Other companies investing heavily in CEO security include Oracle ($3 million for CEO Safra A. Catz), Tesla ($2.4 million for CEO Elon Musk), and Nvidia ($2.2 million for founder and CEO Jensen Huang).
The data provided by Sherwood News, based on SEC filings, does not include self-funded security initiatives, potentially understating the true extent of CEO security spending.
Thompson's death, an apparent assassination, has sparked discussions about the need for enhanced security for high-profile executives. With CEO pay skyrocketing over 1,000% since 1970, according to the Economic Policy Institute, additional compensation may increasingly come in the form of robust security measures.
While the exact impact of Thompson's death on corporate security budgets remains to be seen, it is clear that companies are taking the issue seriously and are likely to increase spending in this area.