UnitedHealthcare CEO Brian Thompson was fatally shot outside a Hilton in Midtown Manhattan. Credit: Yuki Iwamura/BloombergInside Track: Cooley's Modest Proposal to Make Executives Safer
The SEC deems providing an executive with personal security as a perk, a classification that "forces companies into a catch-22," a trio of Cooley partners argue.
February 06, 2025 at 12:42 PM
4 minute read
Corporate regulatory filings due out this spring will bring to light the extent to which December’s fatal shooting of UnitedHealthcare CEO Brian Thompson has spurred other companies to provide personal security for their senior executives.
The decision for corporate boards and senior leadership teams will be harder than you might think. That’s because the Securities and Exchange Commission categorizes personal security as an executive perk, thereby forcing companies to list those expenses as part of an executive's pay in public filings.
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