Keeping Bezos, Ellison and Schmidt safe cost $3.4 million last year
Keeping Oracle CEO and cofounder Larry Ellison safe cost the company $1.7 million over the fiscal year ending May 31, 2007. Most of that money went to guards at his homes as well as installing and repairing home security systems, according to Oracle's SEC filings. Part of Amazon.com founder and CEO Jeff Bezos's 2007 compensation included $1.2 milion for personal security. Google CEO Eric Schmidt spent $475,000 on security in 2007. A lot of the money probably goes to security precautions that might seem a lot more like luxuries than necessities.
Limited Brands CEO Leslie Wexner, for example, spent much of his $1.25 million 2007 security allowance toward "protecting" his corporate aircraft, yacht and 22,371-sq. ft. home. "Security has become a convenient excuse for getting shareholders to pick up the cost for the CEO's lifestyle,' corporate watchdog American Federation of State's director of corporate governance and pension investment told the Wall Street Journal. (Illustration by Richard Blakeley)