CEO home security

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Tuesday, July 1, 2008

NEW YORK--Wall Street Journal reported an analysis it commissioned by James F. Reda & Associates of the amount of money spent on home alarm systems and other security measures for CEOs of Fortune 300 companies.

According to the report, software maker Oracle spent the most, about $1.7 million, mainly for guards at residences of Lawrence Ellison. Limited Brands Inc. spent $1.25 million to protect CEO Leslie Wexner.

This tally included use of corporate aircraft, which the company requires, security for Wexner’s 22,371-square-foot home on a 300-acre estate in nearby New Albany, as well as for other homes and a yacht.