CEOs still getting big perks despite pay backlash
By Ann Bednarz | Network World US
Published 16:35, 10 September 10
Executive compensation is under fire, but CEOs are still enjoying perks such as company jets, personal security, financial planning advice and club memberships.
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Lavish life: Jets, personal security, club memberships and more
Executive compensation is under fire, but CEO perks are alive and well. Top executives at some of the largest tech companies enjoy access to company jets, personal security, financial planning advice, club memberships and more. Across all industries, the median value of these and similar perks rose nearly 7% in 2008, according to an Associated Press analysis, even as overall CEO compensation fell 7%. Read on to see which tech companies are paying more than $1 million in perks and which ones are anti-perk (notably Cisco and Microsoft). Slides are arranged from the costliest to the cheapest perks, and our report includes extras doled out to CEOs at eight of the largest non-tech corporations, for the sake of comparison. Data is drawn from companies' proxy statements, as filed with the US Securities and Exchange Commission.