<story><title>Facebook paid billions to spare Zuckerberg in data suit, shareholders allege</title><url>https://www.politico.com/news/2021/09/21/facebook-paid-billions-extra-to-the-ftc-to-spare-zuckerberg-in-data-suit-shareholders-allege-513456</url></story><parent_chain><item><author>missedthecue</author><text>the Secret Service has an annual budget of almost $2.5 billion (though they do have some responsibilities aside from protecting POTUS)</text></item><item><author>93po</author><text>If you want a few guys for security at any given time, and you want security 24&amp;#x2F;7, and you need security at multiple locations, then this all adds up really fast.&lt;p&gt;3 people in three shifts is 9 people needed per day. Given that people aren&amp;#x27;t going to work 7 days a week, you need extra people for coverage and weekend shifts. Let&amp;#x27;s be conservative and say 15 total. This is per location. Office, house, second house. That&amp;#x27;s 45 people. That&amp;#x27;s $266k per year in cost per person. Given the expenses of the motor pool, motor pool maintenance, travel accommodations and expenses for personal, the admin overhead of managing 45 people, etc etc this sounds fairly reasonable to me. If I was a billionaire I&amp;#x27;d be spending at least that much too.</text></item><item><author>hintymad</author><text>FB also pays $12M a year for Zuckerberg&amp;#x27;s security details? In comparison, Amazon pays $1.2M for Bezos. So, I was wondering what kind of security could possibly cost $12M. Sounds like a tax-free way of spending on house decoration?</text></item></parent_chain><comment><author>dragonwriter</author><text>&amp;gt; the Secret Service has an annual budget of almost $2.5 billion (though they do have some responsibilities aside from protecting POTUS)&lt;p&gt;In much the same way that the USMC has some functions besides providing West Wing sentries.</text></comment>
<story><title>Facebook paid billions to spare Zuckerberg in data suit, shareholders allege</title><url>https://www.politico.com/news/2021/09/21/facebook-paid-billions-extra-to-the-ftc-to-spare-zuckerberg-in-data-suit-shareholders-allege-513456</url></story><parent_chain><item><author>missedthecue</author><text>the Secret Service has an annual budget of almost $2.5 billion (though they do have some responsibilities aside from protecting POTUS)</text></item><item><author>93po</author><text>If you want a few guys for security at any given time, and you want security 24&amp;#x2F;7, and you need security at multiple locations, then this all adds up really fast.&lt;p&gt;3 people in three shifts is 9 people needed per day. Given that people aren&amp;#x27;t going to work 7 days a week, you need extra people for coverage and weekend shifts. Let&amp;#x27;s be conservative and say 15 total. This is per location. Office, house, second house. That&amp;#x27;s 45 people. That&amp;#x27;s $266k per year in cost per person. Given the expenses of the motor pool, motor pool maintenance, travel accommodations and expenses for personal, the admin overhead of managing 45 people, etc etc this sounds fairly reasonable to me. If I was a billionaire I&amp;#x27;d be spending at least that much too.</text></item><item><author>hintymad</author><text>FB also pays $12M a year for Zuckerberg&amp;#x27;s security details? In comparison, Amazon pays $1.2M for Bezos. So, I was wondering what kind of security could possibly cost $12M. Sounds like a tax-free way of spending on house decoration?</text></item></parent_chain><comment><author>snowwrestler</author><text>The Secret Service is one of the largest federal law enforcement agencies, responsible for investigating most financial and computer crimes. They have thousands of investigators and over 100 field offices in the U.S. (more than the FBI).</text></comment>