Twitter CEO receiving annual security detail, practice not uncommon

Tuesday, May 10, 2016

SAN FRANCISCO—Last year, Twitter CEO Jack Dorsey received more than $68,500 in security services, an amount that is not that uncommon for large companies, according to an article that appeared in Fortune magazine.

Citing a Twitter filing with the Securities and Exchange Commission, Forbes said Twitter paid $68,506 for Dorsey’s “residential security and protective detail” in 2015, and paid more than $43,000 for the same security services for previous CEO Dick Costolo, according to the article.

Equilar, a company that researches executive compensation, said that the average Fortune 100 company spends approximately $30,000 a year for executive security. Higher costs can often be attributed to one-time fees, including installation of security equipment, the Fortune report said.