- The world’s top executives make millions in compensation every year — but it’s not all cash.
- Security and private jets for executives can cost companies millions every year.
- Take a look at how much some of the world’s leading companies are spending on protecting and flying executives.
David Solomon: $73,138 in 2021
Goldman Sachs Chairman and CEO David Solomon achieved total compensation of $39,545,072 in fiscal 2021, according to Goldman’s 2022 proxy statement.
In addition to his salary, bonus, and stock awards, he received $264,892 in “other compensation,” including $10,938 for personal safety and $62,200 for a car and driver.
Goldman views personal safety, as well as the car and driver, as a business imperative “due to the high standing of our CEO,” according to the filing.
Source: SEC
Jamie Dimon: $277,659 in 2021
As CEO and chairman of JPMorgan Chase, Jamie Dimon earned total compensation of $84,428,145 in fiscal 2021, according to the bank’s most recent proxy statement. This figure included $146,847 for personal use of the company’s aircraft, $30,099 for personal use of the company’s cars, and $100,713 for security of his residence and personal travel.
Dimon’s personal use of the company’s planes, automobiles, and security measures are part of the security measures approved by the bank’s board of directors, according to the file.
Source: SEC
Dara Khosrowshahi: $507,579 in 2021
Uber CEO Dara Khosrowshahi earned $19,937,818 in fiscal 2021, including $507,738 in “other compensation,” according to the company’s 2022 proxy statement. His security and personal safety expenses totaled $507,579 — of which $402,366 was for personal transportation services and $105,213 for “protective intelligence.”
Uber’s filing says its security program includes certified protection officers, as well as secure meeting rooms and housing for its executives.
In 2021, Uber provided security personnel at Khosrowshahi’s residence along with technological equipment “and services to Mr. Khosrowshahi at his home, which were intended to duplicate as closely as possible the services that would have been provided to him at our corporate headquarters in order to.” to make his home safe and functional as his primary place of work, to comply with local stay-at-home orders in effect as a result of the COVID-19 pandemic and based on our assessment of the credibility of the threats made against Mr. Khosrowshahi.”
The company’s filing states that since implementing its security program, it has “identified actual and credible threats to Mr. Khosrowshahi’s security as a result of the high-profile nature of being our CEO.”
Source: SEC
Andy Jassy: $589,149 in 2021
Andy Jassy, Amazon President and CEO, earned $212,701,169 in total compensation in fiscal 2021, including $592,649 in “other compensation,” according to Amazon’s most recent proxy statement.
The company spent $589,149 on Jassy’s security measures, both in business facilities and during business trips. The filing states, “Security costs are reasonable and necessary and to the benefit of the company.”
Source: SEC
Bob Iger: $878,206 in 2022
Bob Iger served as Executive Chairman at The Walt Disney Company before being reappointed as CEO in November 2022. In fiscal 2022, Iger did not serve as an executive officer, but still earned $14,998,299 in fiscal 2022, of which $2,466,520 was in “Other.” Compensation,” reads the company’s proxy statement filed last month.
Iger’s personal air travel cost $47,769 and his security $830,437.
Source: SEC, Insider
Ted Sarandos: $1,101,063 in 2021
Ted Sarandos, who served as Netflix co-CEO and chief content officer with Reed Hastings in 2021, earned total compensation for the fiscal year of $38,232,164, according to the company’s proxy statement.
This included $1,112,663 in “other compensation” such as $16,353 for auto services, $192,137 for personal use of the company’s aircraft, and $892,573 for home security.
Source: SEC, Insider
Tim Cook: $1,358,515 in 2022
According to the company’s SEC filing, Apple CEO Tim Cook earned $99,420,097 in total compensation in fiscal 2022. That included $1,425,933 in “other compensation” — such as $591,196 in security expenses and $767,319 for use of his personal private plane.
Apple’s board of directors requires Cook to use private planes for business and personal travel “for safety and efficiency reasons.”
Source: SEC
Marc Benioff: $1,446,977 in 2022
Marc Benioff was Co-CEO and Chairman of the Board of Salesforce for fiscal year 2022, during which he earned $28,602,112 in aggregate compensation, according to the company’s most recent proxy statement.
His total compensation included $1,451,977 in “other compensation” including his security costs, which totaled $1,446,977. Salesforce says Benioff’s security is “a necessary and reasonable business expense” in his filing.
Source: SEC, Insider
Larry Ellison: $1,564,394 in 2022
Larry Ellison, Oracle’s chairman and chief technology officer, earned $138,652,063 in total compensation for fiscal 2022, according to the company’s proxy statement. His “other compensation” totaled $1,577,707, including $1,564,394 for security of his primary residence. Ellison himself pays for security at his other homes, according to the file.
Source: SEC
Jeff Bezos: $1,600,000 in 2021
Amazon founder and CEO Jeff Bezos earned total compensation of $1,681,840 in fiscal 2021, of which $1,600,000 was in “other compensation,” according to the company’s proxy statement.
His other compensation “represents the approximate total cost to Amazon of security for Mr. Bezos in addition to business facility security and business travel security,” the filing says.
Amazon said in its filing that Bezos’ security costs were “particularly reasonable” because he had a “low salary” and did not receive stock-based compensation.
The company was granted permission to install bulletproof panels in Bezo’s office in January 2019. They cost $180,000 to install and can reportedly withstand shots from a military-grade assault rifle.
Bezos’ entourage of security guards can seem overwhelming, even for people used to an entourage.
When Bezos was on set for his cameo in Star Trek Beyond, actor Chris Pine said, “I was there with his about nine bodyguards and three limousines. It was really intense.”
Pine said he didn’t know who Bezos was, but “he was obviously very important.”
Source: SEC, Insider, Insider
Sundar Pichai: $4,309,583 in 2021
According to the company’s proxy statement, Google CEO Sundar Pichai earned $6,322,599 in compensation for fiscal 2021.
His “other compensation” over and above his salary totaled $4,322,599 — $4,309,583 of which was for personal security. His other compensation includes personal use of Google’s planes, but that dollar amount hasn’t been listed.
Pichai’s security had to be stepped up in 2018 after a woman shot and killed three people and then herself at YouTube headquarters in April of that year.
Source: SEC, Insider
Mark Zuckerberg: $26,823,060 in 2021
Meta CEO Mark Zuckerberg earned $26,823,061 in total compensation in fiscal 2021, according to the company’s SEC filing. Although his salary is listed as $1, Zuckerberg received $26,823,060 in “other compensation.”
That amount included $15,195,103 in security costs for his homes and during personal travel, and he receives an annual pre-tax allowance of $10,000,000 to cover any additional personal security costs of himself and his family . His other compensation also includes $1,627,957 for his personal private aircraft use.
According to an insider probe into Facebook’s security operations, Zuckerberg has 24-hour protection and one of his Bay Area homes has a panic room.
The investigation also found that there was a rumor among Facebook employees of a “panic slide” at the Facebook office in case Zuckerberg and his team had to evacuate.
Source: SEC, Insider
