The targeted murder of United Healthcare CEO Brian Thompson heightened security concerns among business leaders across various industries. Following this incident, many companies increased their security budgets to protect their CEOs, particularly Meta, which spent $27 million to secure Mark Zuckerberg. Other tech firms like Google and Amazon also raised their spending, contributing to over $45 million spent collectively on CEO protection. Notably, the finance and public perception linked to these CEOs prompted these investments, especially for Zuckerberg. The spending figures for Elon Musk remain ambiguous, with Tesla reporting significantly reduced expenses from previous years.
Security spending was up more than 10% last year at Meta, where $27 million was spent to protect CEO Mark Zuckerberg, $3 million more than in 2023.
The ten major tech firms spent more than $45 million to protect their leaders, with Meta's spending significantly outpacing its competitors.
In a proxy statement, Meta stated that negative sentiment about the company is often transferred to CEO Mark Zuckerberg, making his protection paramount.
While some companies have increased security spending following rising threats, the exact expenditures for Elon Musk's protection remain unclear.
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