Top Enterprises Spend More on CEO Protection; USA Today Reports 123% Growth in 2008 over 2007
Based on data from some publicly traded firms, a conclusion is that corporations are spending significantly more on personal and residential security for their CEOs. There are numerous reasons including the fallout from the economy in which there are more laid-off workers and the unpopularity of corporate heads in the wake of numerous business, financial and social upheavals.
Increases in CEO protection spending comes at the same time that CEO compensation overall has taken a hit.