Boston Business Journal

Wayfair Spent $668K on Personal Security for Its CEO in 2022

Ashlee Espinal | CNBC

Boston-based Wayfair Inc. spent over half a million dollars on personal security for CEO Niraj Shah in 2022 — more than eight times what it spent on his salary last year.

Wayfair's costs for the personal security of its chief executive has seen a large increase in recent years. In public documents filed last week, the Boston online furniture retailer said it paid approximately $668,021 for "costs related to personal security under the co-founders’ overall security program" for CEO Niraj Shah.

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