Amazon.com, The Bodyguard

theodp writes "While the press is running Amazon's standard we-can't-make-our-CEO-accept-more-than-$81,840 line again this year, the e-tailer's recent SEC filing does disclose an interesting new compensation tidbit. On top of what it spends to provide security for its CEO at business facilities and during business travel, Amazon shells out an estimated $1.1 million a year to cover the cost of security arrangements for billionaire CEO Jeff Bezos. Holy Jack Welch, Batman - that's a lot of door desks!"

Comments

This article should be modded "Overrated"

[dteichman2]

It's a rich guy who isn't trying that hard to get richer.

Income tax

[Aceticon]

There's a not that uncommon tax scam for company owners which works as the following:
- Company owner is also company CEO
- Company CEO is payed minimum/symbolic wages
- Company pays for just about any expense of the owner/CEO and his family

Thus "safe"-house, bulletproof limo, bodyguard-driver, security-certified cleaning company, bulletproof yacht ...

I reckon that for a listed company, the positive advertising (and share price boosting) effects of divulging a CEO's low salary would make such a scam even sweeter ...

Re:Seems reasonable

[Zelucifer]

Well, a 3-day event involving Bush, his inauguration as a matter of fact cost $17 million dollars for security. Now when you consider that they're spending apparoximately $6.1 billion on upgrading his helicopters (increase floor space, and communications... specifically adding secure lines with constant access), Marine One if you're curious. I'd say it's quite a bit more then a hundred times.... interesting article on the Marine One upgrade if anyone is interested Popular Science

Re:Seems reasonable

[jdcook]

"Better than the $160,000/hour some ceos make"

That's just the sort of blinkered philistine pig-ignorance I've come to expect from you non-capitalistic garbage. I'll have you know that outgoing Exxon CEO, to whom you obliquely refer, was earning a mere $26,384.62/hour. ($686 million over 13 years, assuming 2000 working hours a year.) And I bet you pretend you'd be willing to handle the demanding tasks of a planet-raping CEO for half that. As if! It'll be a sad day for America when our CEOs are outsourced to India. Won't someone think of the billionaires?

Bill Gates Mother

[fishdan]

I can't find a reference to it anywhere, so it may just be urban legend, but I heard that there was a very real attempt to kidnap Bill Gates mother about 10 years ago, that was broken up at the last moment by the police. Even if it's just rumor, I don't resent these guys needing to feel secure -- and it's obviously not just themselves. Is it fair for Jeff Bezos' siblings to think that they might be targetted?

You'd have to think that with money like the extremely wealthy and extremely popular have, they have very legit security concerns. That's why I didn't like the pie episode. Hate the guy all you want (and in my professional life, I really do despise Bill and MSFT), but whatever you might think of a person, there's no reason to make hi, fear for his life. And for me, when I saw the pie movie, there's a second on Bills face when it looks like he's has the epiphany "Fuck, I'm a potential target for [terrorists | anarchists | crazed anti-indutrialists | ELFers | PETA | someone who thinks I'm a symbol], and this person is about to hit me with something." I saw a real fear of anticipated violence.

And for me that's over the line.