Dell CEO pricey security By Asha
American site Footnoted, which only reports on company filings made to the US Government, picks up juicy nuggets of information from these documents very few people have the time and patience to read. Footnoted has revealed how the Dell Chairman and CEO spends more money on his security than the bosses of Oracle and Amazon combined
“ A few weeks ago, we poked at Amazon (AMZN) CEO Jeff Bezos for needing $1.6 million worth of security protection that the company paid for and deemed “especially reasonable” given the CEO’s low salary. So it was nice to flip through the proxy that Dell (DELL) filed last night and read this:
Mr. Dell reimburses the company for costs related to his or his family’s personal security protection. Reimbursements for this purpose in Fiscal 2011 totaled approximately $3,263,448.
But it also makes us wonder about how accurate these security costs really are. Both Bezos and Dell have high profiles and presumably need similar levels of security for their families and multiple residences. So does Oracle (ORCL) CEO Larry Ellison, whose company spent $1.4 million on his personal security last year.
So why did Dell’s security cost twice as much as the security for Bezos and Ellison? “ (5/31/2011) |