Companies can spend millions on security measures to keep executives safe

TheWashingtonPost: When he stepped down as the chief executive of Lockheed Martin in 2012, Robert Stevens received a base salary of $1.8 million, millions more in bonuses and incentives, use of the corporate aircraft and another expensive perk: personal security.

Lockheed spent $1.3 million to keep Stevens safe during his last year as CEO, then another $407,000 last year while Stevens, who was named during a 2011 terrorism trial as an al-Qaeda target, stayed on as a strategic adviser. The protection will continue, the company said in a recent regulatory filing, “based upon an assessment of the degree to which Mr. Stevens continues to be associated with the corporation and the assessed level of risk.”

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