Apple spends $700,000 a year to keep Tim Cook safe

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Apple spends nearly $700,000 (about £450,000) a year to protect CEO Tim Cook.

Patently Apple pulled the figure from Apple's Schedule 14A report with the US Securities and Exchange Commission.

In full, the report stated (emphasis our own): "This amount represents: (i) the Company's contributions to Mr. Cook's account under its 401(k) plan in the amount of $15,600; (ii) Company-paid term life insurance premiums in the amount of $2,520; (iii) vacation cash-out in the amount of $56,923; and (iv) security expenses in the amount of $699,133."

But that isn't actually that much considering how much other tech firms have spent on security for their senior execs in the past. According to a Fortune article, which quotes a 2014 report by Equilar, Amazon spent the most looking after its CEO in 2013. Equilar tracks executive compensation, and says Amazon paid out $1.6 million that year on security for Jeff Bezos. During the same period, when Larry Ellison was still CEO of Oracle, the company spent $1.5 million on security for him.


See photos from Tim Cook's time at Apple:

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Apple spends $700,000 a year to keep Tim Cook safe
SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook gestures on stage during an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. announced the new MacBook as well as more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment as well (Photo by Stephen Lam/Getty Images)
Apple interim CEO and Chief Operating Officer Tim Cook smiles before the start of the the Apple Worldwide Developers Conference in San Francisco, Monday, June 8, 2009. Cook is the interim CEO while Steve Jobs is out on leave. (AP Photo/Paul Sakuma)
In this July 16, 2010 photo shows Apple's Tim Cook, left, and Steve Jobs, right, during a meeting at Apple in Cupertino, Calif. Cook takes over as CEO for Apple after Jobs resigned. (AP Photo/Paul Sakuma)
Apple CEO Tim Cook during announcement at Apple headquarters in Cupertino, Calif., Tuesday, Oct. 4, 2011. (AP Photo/Paul Sakuma)
SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook stands in front of an MacBook on display after an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. announced the new MacBook as well as more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment as well (Photo by Stephen Lam/Getty Images)
Apple CEO Tim Cook smiles before speaking to graduates during George Washington University's commencement exercises on the National Mall, Sunday, May 17, 2015 in Washington. The university awarded Cook with an honorary doctorate of public service. (AP Photo/Alex Brandon)
SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook waves from stage after an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. announced the new MacBook as well as more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment as well (Photo by Stephen Lam/Getty Images)
Apple CEO Tim Cook responds to a question during a news conference at IBM Watson headquarters, in New York, Thursday, April 30, 2015. Apple, IBM and Japanese insurance and bank holding company Japan Post have formed a partnership to improve the lives of elderly people in the country. The program will provide iPads with apps designed to help seniors manage day-to-day lives and keep in touch with family members. (AP Photo/Richard Drew)
Apple chief executive and Alabama native Tim Cook, right, and Catherine Randall pose with a plaque during an Alabama Academy of Honor ceremony at the state Capitol Monday, Oct. 27, 2014, in Montgomery, Ala. Cook and seven others, including Alabama football head coach Nick Saban, were inducted into the Alabama Academy of Honor. (AP Photo/Brynn Anderson)
Apple CEO Tim Cook introduces the new Apple iPad Air 2 during an event at Apple headquarters on Thursday, Oct. 16, 2014 in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez)
Tim Cook, CEO of Apple Inc., smiles as he visits the Apple Store during the launch and sale of the new iPhone 6 on Friday, Sept 19, 2014 Palo Alto, Calif. (AP Photo/Tony Avelar)
Tim Cook, CEO of Apple Inc takes a photograph with Apple employees at the Apple Store during the launch and sale of the new iPhone 6 on Friday, Sept 19, 2014 Palo Alto, Calif. (AP Photo/Tony Avelar)
Apple CEO Tim Cook discusses the new Apple Watch and iPhone 6 on Tuesday, Sept. 9, 2014, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez)
Apple's CEO Tim Cook gestures during a promotional event that marks the opening day of sales of China Mobile's 4G iPhone 5s and iPhone 5c at a shop of the world's largest mobile phone operator in Beijing, China, Friday, Jan. 17, 2014. (AP Photo/Alexander F. Yuan)
Apple CEO Tim Cook speaks during an event to announce new products in San Jose, Calif., Tuesday, Oct. 23, 2012. (AP Photo/Marcio Jose Sanchez)
FILE- In this Wednesday, March 7, 2012, file photo, Apple CEO Tim Cook announces a new iPad during an Apple announcement in San Francisco. Apple CEO Tim Cook is expected to show off new iPhone software, updated Mac computers and provide more details on future releases of Mac software when he kicks off the company's annual conference for software developers on Monday, June 11, 2012. (AP Photo/Paul Sakuma)
FILE - In a Wednesday, March 7, 2012 file photo, Apple CEO Tim Cook announces a new iPad during an Apple announcement in San Francisco. On Tuesday, April 10, 2012, Apple, already the world's most valuable company, hit the $600 billion level for the first time. (AP Photo/Paul Sakuma, File)
Tim Cook, chief executive officer of Apple Inc., right, waves to customers while leaving the sales launch for the iPhone 6 and iPhone 6 Plus at the Apple Inc. store in Palo Alto, California, U.S., on Friday, Sept. 19, 2014. Apple Inc.'s stores attracted long lines of shoppers for the debut of the latest iPhones, indicating healthy demand for the bigger-screen smartphones. The larger iPhone 6 Plus is already selling out at some stores across the U.S. Photographer: David Paul Morris/Bloomberg via Getty Images
Tim Cook, chief executive officer of Apple Inc., left, and the band U2 gesture during a product announcement at Flint Center in Cupertino, California, U.S., on Tuesday, Sept. 9, 2014. Apple Inc. unveiled redesigned iPhones with bigger screens, overhauling its top-selling product in an event that gives the clearest sign yet of the company's product direction under Cook. Photographer: David Paul Morris/Bloomberg via Getty Images
CUPERTINO, CA - OCTOBER 16: Apple CEO Tim Cook speaks during an Apple special event on October 16, 2014 in Cupertino, California. Apple unveiled the new iPad Air 2 tablet, iPad Mini 3 and a Retina iMac. (Photo by Justin Sullivan/Getty Images)
SAN FRANCISCO, CA - JUNE 02: Apple CEO Tim Cook walks off stage after speaking during the Apple Worldwide Developers Conference at the Moscone West center on June 2, 2014 in San Francisco, California. Tim Cook kicked off the annual WWDC which is typically a showcase for upcoming updates to Apple hardware and software. The conference runs through June 6. (Photo by Justin Sullivan/Getty Images)
BEIJING, CHINA - JANUARY 17: (CHINA OUT) Tim Cook, Chief Executive Officer of Apple Inc., visits a China Mobile shop to celebrate the launch of iPhone 5S and iPhone 5C on China Mobile's fourth generation (4G) network on January 17, 2014 in Beijing, China. Apple Inc. and China Mobile Limited, the world's largest carrier with over 760 million subscribers, signed a deal on December 23, 2013 after six years of negotiations. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)
Tim Cook, chief executive officer of Apple Inc., displays the iPad Air for a photograph during a press event at the Yerba Buena Center in San Francisco, California, U.S., on Tuesday, Oct. 22, 2013. Apple Inc. introduced new iPads in time for holiday shoppers, as it battles to stay ahead of rivals in the increasingly crowded market for tablet computers. Photographer: Noah Berger/Bloomberg via Getty Images
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