Apple spends only 5% of what Facebook spends to protect their CEO

“When Snap filed documents last week for its IPO filing, among the interesting snippets that emerged was the cost of security for its CEO Evan Spiegel: a somewhat extraordinary $890,000,” Kieren McCarthy reports for The Register. “How does that compare to other tech CEOs?”

“So who spends the most on security? Facebook CEO Mark Zuckerberg,” McCarthy reports. “SEC filings show the social media giant spent a whopping $4.26m on our Mark last year. And that was less than the year before, when it spent $5.6m protecting him.”

“Just for comparison, the next most expensive security arrangement is Jeff Bezos at the very healthy $1.6m,” McCarthy reports. “As for the cheapest. To our reckoning Tim Cook comes in at a bit of a bargain at just $220,000, seeing as he is one of the most recognizable CEOs in the world.”

Read more in the full article here.

MacDailyNews Take: Beyond the fact that Cook makes generally wonderful products and Zuckerberg is responsible for basically unleashing a plague of narcissists, so the threats against each CEO are likely not equal, and besides the perceived replaceability of Cook (who’s largely seen as a caretaker CEO) versus Zuckerberg (the founder of his company) their respective net worth figures might also have something to do with it:

• Zuckerberg: $56.1 billion (the world’s 5th richest person)
• Cook: $785 million

Zuckerberg is worth 71.5 times Cook, but his cost of security is only 20 times Cook’s.

Also of note: Cook’s security costs were reportedly $700,000 per year as recently as 2015, so $220,000 looks like even more of a bargain.

We bet that Apple’s cost of security for Jony is much higher than Cook’s, but Apple is not required to report Ive’s compensation or security costs in the company’s SCHEDULE 14A.

SEE ALSO:
Apple’s cost for Tim Cook’s security: $700,000 per year – August 7, 2015

[Thanks to MacDailyNews Reader “Rainer” for the heads up.]

28 Comments

    1. Given the amount of hate speech on this forum against Cook and the fact that violence against the LGBTQ community still occurs despite decades of slow progress, I would judge MDN’s Take to be a bit too flippant.

      1. Quite…but this…”Cook (who’s largely seen as a caretaker CEO)” is plainly thrown to the naysaying no_hoper_entitlement peanut gallery who couldn’t organise a piss up in a brewery.

  1. Steve Jobs lived on a regular street despite being one of the most famous people in the world and a Billionaire. He rode a bicycle around town, went trick or treating with his kids, etc. Yes, I know he had security, but not like his peers in Silicon Valley.

    Mark Zuckerberg, who makes his money stalking your online behavior to sell to advertisers hides behind a massive wall of security and puts masking tape over the camera on his computer. These days Facebook digitally stalks even those who do not have a Facebook account- which I contend is illegal and if legal, should be made illegal.

    The world has gone mad regarding security. When Harry Truman left the White House he got in a car with his family and drove home to Missouri after the inauguration of President Eisenhower. He drove the car- not a Secret Service agent in a massive SUV. This despite having had attempts made on his life while in office.

  2. Why spend any on a dead CEO? Cook is no CEO, he is lefty suit too occupied with pervert toilets, backing liar and criminal Hillary, buffing Barry’s shoes, and kissing the ass of every lib north of a billion bucks. He does not build great products. He has to go.

    1. Don Don Don…

      Come here little one it is time for your medication.

      One day, you will be able to buy yourself an Apple product. One day. Maybe. Until then, we have to work on your paranoïa.

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