Feeling the heat…

June 6, 2006

Company executives must really be feeling the heat from shareholders these days.  As posted back in April, Amazon spent $1.1 million on security expenses for Jeff Bezos.  Almost eclipsing that amount was Dell Computers (DELL), which recently disclosed its security expenditures for Michael Dell, company namesake and Chairman of the Board.  In its proxy filed yesterday, Dell reported spending nearly $1 million in personal and residential security for Mr. Dell — higher than all of Mr. Dell’s salary for 2006 and some 11% higher than the amount spent for personal and residential security in 2005. 

Maybe the increase in expenses for Mr. Dell is due to increasingly angry shareholders. They’ve have watched the stock plummet from about $40/share in July 2005 to a recent low of $25/share.

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