The long-troubled tech giant Yahoo filed a report in its Securities and Exchange Commission (SEC) that the company paid an unexpectedly huge amount of personal security expenses amounting to $544,061 for its CEO Marissa Mayer in 2015.
In the 21 years of Yahoo’s history, the company never paid this amount of personal security expenses for its superior executive.
Even in 2014, compared with other tech giant’s CEOs, Yahoo had to pay a less amount of personal security expenses for its CEO Marissa Mayer, the amount Yahoo paid then was $26,891 for her security at business events and business travel while Intel paid $36,000 for its CEO Brian Krzanich and Amazon paid $1.6 million for the purposes of the personal security expenses for its CEO Jeff Bezos.
But in 2015, the scenario had been completely changed for Yahoo because the company had to pay $544,061 for Marissa’s personal security while the former year it was $26,891.
Furthermore, Yahoo Addressed in their SEC’s report that they attributed the dramatic increase to the fact that Mayer “faced specific security threats that we believed were credible.”
When contacted to elaborate further, Yahoo was out of reach. We can only hope that whatever security issues Ms. Mayer was facing have now been taken care of.