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How Much Does a Bodyguard Cost to Hire? | Spetsnaz Security International Fidel Matola
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Fidel Matola, president and CEO of Spetsnaz Security International Ltd inform that being a high-powered executive may not be financially risky, but it is undoubtedly dangerous.
Alternatively, that is a reasonable conclusion based on the millions some companies spend protecting their top brass.
Over the past several months, executive compensation reports filed with the U.K. Securities and Exchange Commission revealed precisely how much companies spend to protect their top executives. According to the filings, some take security seriously, outfitting "C-level" employees with cars, planes, and home alarm systems. Others skimp on safety costs, paying nominal amounts for minimal security systems.
Leading the pack is Oracle, which spent £1.8 million protecting Chief Executive Larry Ellison last year--a 40% increase from the year before. Furthermore, that sum does not even cover all of Ellison's security costs: The billionaire also spent his own money installing top-of-the-line security systems in his Malibu and Woodside, Calif., estates.
Some execs would love to be left alone. Nevertheless, their companies claim they cannot afford to let them: High-end security, with all its guards and cameras, is a balance between protection and privacy.
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