It’s no secret that CEOs of leading technology companies earn large salaries.
But in addition to huge salaries and shares, they also have many benefits that are compensated by company accounts.
Since these are all public companies, every year they report how much money they spend and on what.
Meta* spends the most time protecting his CEO
CEO of companies’ security spending.
Mark Zuckerberg’s official salary is only $1 per year. Most of his wealth is in Meta* shares.
The same company is offering $25 million a year for Zuckerberg’s security. This is more than they spend on protecting the heads of the largest American IT companies combined.
Meta* also has an extensive plan that “identifies a serious threat to Mr. Zuckerberg as a result of the high level of security.”
Tim Cook’s security costs Apple $591 thousand a year. Google spends $5.9 million a year to protect Sundar Pichai.
Zuckerberg flies the most on a private jet
Airline CEO’s expenses for air travel.
The second largest expense item is airfare for CEOs.
As a rule, executives fly modern aircraft. Partly because it’s safer. Sometimes a private jet is used not only for business, but also for personal flights.
Mark Zuckerberg spends the most on air travel – $2.3 million per year. In second place is Reed Hastings, chairman and co-CEO of Netflix, who spends $1 million a year on flights. Third place goes to Andy Jesse, head of Amazon. The company allocated $975 thousand for his flights.
Airline CEO’s expenses for air travel.
Apple CEO Tim Cook ranks fourth in this ranking. The company spends $767 thousand a year on his flights.
But perhaps the most interesting category is helicopter flights. Madison Square Garden Sports (which owns the similar Spheres sports complex in Las Vegas and AMC Networks) pays more than $600,000 annually for the use of a bicycle by James Dolan, who commutes it daily from his home in Long Island to his job in Manhattan.
Paramount President Buck Bobish, without indicating airplane and helicopter flights in his declarations, wrote down almost $60,000 as car service expenses.
Other (and unusual) perks of an American CEO
In addition to high salaries, shares, world-class aircraft and security, many companies provide their managers with other privileges:
▪️ Comcast pays top managers for free cable television, provided that they live under its coverage.
▪️ Managers Disney get free tickets to amusement parks and discounts on products.
▪️ Madison Square Garden Sports Provides the CEO and his deputies with free tickets to games and concerts that take place at the company’s venues.
▪️Film studio Lionsgate It pays $16,000 annually to CEO John Feltheimer’s country club membership.
▪️ Electronic art offers its top managers “access to a paid medical examination program” in addition to standard health insurance.
▪️ Disney contributed $27,600 in retirement savings to former CEO Boba Chapek and $65,000 to interim CEO Boba Iger. Microsoft transferred $100 thousand to the pension fund for Satya Nadella.
▪️ Netflix Allows its chief executives to choose how much of their salary they receive in salary and how much in stock. Thus, former Netflix CEO Reed Hastings decided to receive $650 thousand and shares worth $49 million.
▪️ Warner Bros. Discovery Provides CEO David Zaslav with “audiovisual and computer equipment for his home office” and reimburses him for “minor home office expenses, including Internet access.”
▪️ Company Take-Two Interactive (owner of Rockstar Games and many other gaming companies) pays $500 every month for a downtown parking space for CEO Strauss Zelnick.
attractions are commonplace in large companies
All kinds of measures and privileges are always included in the contract when taking on the position of general director.
They are not tied to salary and bonuses for achieving results, which most often occur throughout the world in promotions and significantly exceed the official salary.
In addition, many of these benefits are available to top managers and vice presidents, but this depends on the specific company. [Hollywood Reporter]
*banned in the Russian Federation, recognized as an extremist organization
Source: Iphones RU
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
