Written by Midha Singh and Mariam Sunny
(Reuters) -American companies intensified their security spending, but after the killing of the CEO of UNITEDHELHELHELITH Brian Thompson, expenses are scheduled to rise in 2025 where more companies see increasing threats to the upper copper.
It has shown that at least ten S&P 500 companies have put a sign of an increase in security risks, or a Reuters analysis of the agent’s data – or the annual disclosure of the shareholders -.
The blue chip companies such as Walmart, General Motors, American Express and Chipmaker Broadcom have revealed new or increasing security expenses since previous years.
“The number of customers who need assessments and executive protection has increased from 10 to 15 times the number before December 4,” said Glenn Kochs, president of the Illusalem Security Company, which serves more than 80 % of Fortune 500 companies.
UNITEDHELTH spent $ 1.7 million on security for senior executives in 2024, the first time that details were revealed in the agent statement on April 21.
The CEO of the Insurance Unit Company, Thomson, was killed on December 4 in a targeted attack in New York, which raised concerns among the executives about threats to their safety.
UNITEDHELHELTH CELATECE The Health “improved a security risk environment” to raise security benefits, while Johnson & Johnson, Elie Lily and the Walgrens series told additional expenses.
Of the 208 S&P 500 companies that provided its annual agent in the fiscal year 2024, about 31.3 % of which granted at least a security advantage from the executive officials appointed, according to the Executive Compensation Research Company.
These expenses rose to an average of 94,276 dollars, up from $ 69,180 in 2023, based on almost a quarter of companies. In 2022, when 23.1 % of companies reported to security spending, the mediator was $ 40,917, Villar Reuters said.
Since the Tomson murder occurred late in the year, compensation experts said that the agent of the year 2025 is likely to show a greater increase in security spending.
“We expect the costs and requirements related to security in terms of the important amount of income that is revealed in the agents and also spread,” said David Knone, head of American compensation research in institutional shareholders’ services.
The highest executive threat
Other executive managers and executives can become thunderbolt bars of anger directed towards broader organizations, which leads to further spending on security, although it is still a small part of the company’s annual work expenses.
General Motors said that the increase in security will be provided to CEO Mary Barra and President Mark Ross after a recent evaluation.
Broadcom spent $ 1.37 billion on the security of Hock Tan, CEO in 2024, but did not give the number to previous years, while the American Express giant spending on security privileges is more than twice than 2023, and is expected to increase in 2025.
Other companies that strengthened the protection include Edison International and Centerpoint Energy, as well as Warner Bros Discovery.
The vast majority of companies do not specify their security costs. Only 18 % of the S&P 500 and 5 % of Russell 3000 companies have revealed personal and home security as useful to compensate the CEO, according to 2024 data from the Conference Council.
Analysts said that a complete picture of the increase in spending will only appear by September when more companies offer their reports or next year.
Experts said in the wake of the murder of Thomson, who occurred outside a hotel in Midown Manhattan where United Holth was holding an investor conference,
John Jenner, Vice President of Torchstone Global, said the domain “may actually expand.” “It begins with the CEO, then C-SUITE, and it now increases the council in particular when it comes to the events facing the public, such as the meetings of the Council or shareholders.”
(Mida Singh, Mariam Sunny, Nikit Nisant in Bangaluru, participated in the reports of Mida Singh, Mariam Sunny, Nikit Nisant in Bangaluru; additional reports by Akash Bris;
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