How much is the protection of the richest people in the USA and what does this money cost
Last year, Facebook Inc. spent 7,33 a million dollars to protect its CEO at home and during his trip to the United States. Last week, the media giant announced that it would allocate additional 10 million dollars a year to Zuckerberg’s personal security. Bloomberg.
This figure far exceeds what other firms cost to their CEOs, and is likely to exceed the average annual compensation for S&P 500 executives.
“Security at multiple residences, transportation, bodyguards while traveling, if you also have a wife and multiple children, that's already over $10 million just for the basic package,” said Roderick Jones, a risk consultant.
Not all corporate titans need security. An executive director who avoids the spotlight, interviews in the media and donates anonymously to charity can more easily fit into the public.
Zuckerberg is the founder and leader of one of the most valuable companies in the world, regularly publishes photographs and videos about how he plays with his two daughters, meets with world leaders and prepares barbecues in the backyard. His fortune is estimated at 68,6 billion dollars.
Facebook has also been criticized for its data privacy policy, especially in countries such as Myanmar and Sri Lanka, where misinformation on the website has led to violence. Zuckerberg faced a serious reaction to investigation Russia's attempts to influence the outcome of the 2016 US elections. These disagreements—not to mention disgruntled customers, terrorist attacks, and workplace shootings—can have a significant impact on a manager's safety.
The costs of Facebook’s CEO safety program are necessary, given Zuckerberg’s “position and importance” for the company, and he doesn’t receive any other compensation in excess of his salary in the 1 dollar, the company said in its last quarterly report.
Most large companies pay executives to use private jets for personal travel, both to ensure their safety and flexibility, to return on short notice. Some provide cars and driver and pay for home security.
Security Costs
Costs can vary greatly.
“Although Facebook has spent 24,7 million dollars protecting Zuckerberg since 2013, additional money will come in handy,” said Paul Violis, general director of security firm Viollis Group International. Corporate security programs usually do not include family member protection. They may also not cover several residences in remote locations.
Home security
Walls, fences or other barriers surrounding ultra-rich homes are usually equipped with motion sensors and monitored by cameras that can be programmed to recognize certain individuals. The space between the outer barriers and the house often contains another layer or two intrusion detection, such as hidden cables or push pads, or something as simple as dense vegetation or rubble that makes noise under your feet.
Typical measures inside residences may include bulletproof windows, cells, secure rooms, reinforced doors, walls and locks, as well as simple things, such as sturdy hinges, to prevent them from being torn down. According to Jones, the cost of all this, as well as maintaining supervision, can cost as much as seven-digit amount.
Expenses for personal security
“A squad of bodyguards in suits, walkie-talkies and headphones can cost up to $1 million. Each 24/7 position requires four people, each of whom can earn six-figure salaries,” said Christopher Falkenberg, a former Secret Service agent and founder of Insite Security. Add relatives and the costs multiply.
“Many of the best security personnel come from government agencies such as the State Department or the Federal Bureau of Investigation, which gives them a broader range of experience than the military,” Jones said. For example, Facebook's security program is run by an ex-Secret Service agent who worked with former Vice President Joe Biden, according to a LinkedIn profile.
Trips
According to Peter Martin, Afimac’s chief security officer, executives are generally at greatest risk when recalling a client who was robbed at gunpoint in a taxi in Mexico. He just forgot to lock the door.
Trips for the ultra-rich begin with an assessment of threats at their destination, such as an increased risk of kidnapping or terrorist attacks. The team arrives in advance to scout out the area, explore evacuation routes, and keep in touch with local security experts or government resources.
Avoidance of extortion
The protection of human devices is important. In addition to mobile phones, tablets and computers, toilets and refrigerators may become vulnerable. By gaining access, a person can receive confidential information, which is then used to extort or steal personal data.
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