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U.S. Companies Expand Executive Security Spending Following UnitedHealth CEO’s Assassination

Corporate proxy filings reveal significant increases in executive protection budgets, reflecting heightened security concerns and evolving governance strategies.

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Overview

  • UnitedHealth disclosed $1.7 million in executive security spending for 2024, marking its first detailed report on such costs following the targeted killing of CEO Brian Thompson in December 2024.
  • At least a dozen S&P 500 companies have flagged rising security risks in their annual proxy statements, with median security spending increasing to $94,276 in 2024 from $69,180 in 2023.
  • Blue-chip firms such as Walmart, General Motors, American Express, and Broadcom have reported new or increased security expenses, with analysts predicting further rises in 2025 filings.
  • Security firms like Allied Universal report a 10- to 15-fold increase in demand for executive protection assessments since the December 2024 attack.
  • Companies are broadening security measures beyond CEOs to include other executives, board members, and public-facing events in response to escalating threats.