It's not news that fortune 500 companies
are overseen by powerful men and women,
who earn millions of dollars annually
while managing their respective
multi-billion dollar firms.
wealthy and powerful people will always
have enemies. there are people who will
always find a reason to hate them,
it could be due to their being envious
of the huge amounts of money these ceos
earn.
Maybe they want a slice of that pie.
it could also be because they are not in
support of the way their capital was
generated.
whatever the reason fame always seems to
be followed by a level of resentment,
therefore it's not surprising at all
when you see the amount of money
companies spend on security.
After all the greatest asset of any good
company is its people, and there is no
one more important than a ceo.
however even among silicon valley ceos
mark zuckerberg's insane security,
allowance stands out.
welcome to the rich attic.
Today we will be looking at the insane
lengths, facebook goes to to protect its
founder and ceo.
personal security is not a new thing or
even a big deal
to mention, an obvious example the
president of the united states is
guarded by the secret service 24/7.
To the white house and the nation at
large, the high monetary cost of keeping
the leader of the free world safe is
more than worth it, especially since any
harm that comes to the president will be
reflected upon everyone else in the
population.
This is the mentality of top companies
who generate billions of dollars every
year.it is important for them to protect the
excellent people who lead them to
success and no matter how expensive it
is, it's a small price to pay for the
sense of security.
In 2016 according to an sec filing ceo
of twitter, jack dorsey had security
bills reaching 65
dollars.
today the number is most likely at least
double that amount.
uber according to their financial
statements released in march 2020, spent
about six hundred thousand on dara khas
rashahi.
Based on apple's 2020 statement their
ceo tim cook, gets a security allowance
of 500 000.
at google, their ceo sundar pachai spent
a huge sum of 1.2 million dollars for
his security detail in 2018.
this was a sharp rise from previous
years, most probably as a result of the
attacks on the youtube campus.
Amazon ceo and founder jeff bezos, spends
1.6 million dollars on his security
detail.
he has been spending this much since
2012.
however as insanely wealthy as he is, he
pays for extra security costs out of his
own pocket.
it's true that the ceos of top-notch
tech firms, we've just looked at spend
more on personal security than the vast
number of people earn in a whole
lifetime.
However when it comes to spending insane
amounts of money on security, mark
zuckerberg is the undisputed champion.
Even though according to facebook's
financial filings for 2019, it was
reported that the ceo collected no
salary.The tech company still spent 23.4
million dollars for his personal
security.
On the surface, it seems extreme that
facebook would be willing to spend so
much more on the safety of its ceo, in
comparison to other tech companies.
However if you look closely and observe
zuckerberg's role within facebook and
facebook's role in our modern world, it
becomes clear why mark zuckerberg's
personal security costs are far greater
than the ones for other silicon valley
ceos.
We all have a lot of companies and
brands whose products and services we
use and love.
However it is rare that we care about
the people running the company to the
same extent,
as a matter of fact nine times out of
ten we have no idea who that person is.
Mark zuckerberg is an anomaly within
that space,
the ceo of facebook is just as infamous
and notorious as facebook itself.
Whether he is in the headlines on the
news due to a facebook announcement, or
scandal or whether he is trending on
social media because of a new meme,
zuckerberg is about as far from
anonymous as a ceo can get.
Facebook is mark zuckerberg and mark
zuckerberg is facebook. in the eyes of
the public these two are one in the same.
zuckerberg's synonymity with facebook is
probably a huge reason for his insane
security costs.
Even though ceos are ultimately
responsible for their companies, a lot of
the time the general public draws a
mental clear line between the person in
charge and the company they are in
charge of,
Facebook is a different situation in the
public eye. Zuckerberg is forever tightly
connected to facebook.
For this reason, virtually every public
move or mishap by facebook is viewed as
a reflection of the ceo himself.
so facebook's successes and more
importantly facebook's failures all
result in hatred being directed directly
to their ceo himself.
For example earlier this summer when
facebook took a stance on regulating and
filtering fake news, the public did not
only see it as facebook taking a stance,
they saw it as zuckerberg himself
releasing a personal statement.
Since attention and fame generally leads
to a higher chance of danger, the
consequences that zuckerberg needs more
security to stay safe.
Some companies have famous founders,
some companies have famous ceos,
some companies have both.
However very few uber successful
companies are still spearheaded by their
founders to this day.
Google is currently run by sundar pachai,
but was founded by larry page and sergey
brin.
Bill gates created microsoft, but today
satya nadella is in charge of the
company.
Steve jobs founded apple, but even before
he passed away he was no longer in the
position of ceo.
That post is now held by tim cook.
Facebook was created by mark zuckerberg,
eduardo saverin andrew mccollum dustin
moskovitz and chris hughes.
You can have your theories and opinions
about how zuckerberg has dealt with the
ownership of the company, but the
indisputable fact is this,
to this day even after all this time,
mark zuckerberg is still both the
co-founder and ceo of facebook.
This double distinction makes mark
zuckerberg the face of facebook in
almost every aspect.
Mark zuckerberg is without a doubt in
value to facebook's brand, and this
explains why they are willing to invest
so much money into his safety.
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English (auto-generated)
https://youtu.be/CHWj24DZcBg
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