Jeff Bezos’ Security Detail Costs 20 Times His Actual Salary
12:55 pm, April 30th | by Amy Tennery
Amazon CEO Jeff Bezos might have an $81,840 salary, but his security costs are through the roof, according to Business Insider, which points out that Bezos’ safety detail cost $1.6 million last year. This naturally begs the question: Does Bezos really feel that unsafe?
Luckily, a statement from Amazon clears the air… sort of:
“We believe that the amount of the reported security expenses is especially reasonable in light of Mr. Bezos’ low salary and the fact that he has never received any stock-based compensation.”
To be fair, Bezos’ security expenses likely are equal to, if not less than, many other high-profile CEOs’. Still, this situation raises a couple of issues.
Is Amazon really basing its security costs on how much a person makes? If so, I’d like to think that entry level employees at the company are accompanied to work by bullet-proof humvees. (We jest. That would make Seattle horrifying.)
Also, on a more serious note, Bezos reportedly sold about a million of his 89 million Amazon shares last November… and banked $152 million from the deal, according to the New York Post.
Wow, good thing Amazon was able to justify those expenses with Bezos’ pauper status, huh?