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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Executive perks aren't the norm at Microsoft either, and CEO Steve Ballmer's 2008 pay package reflects the company's stance. 'Microsoft's named executive officers are eligible for the same benefits made available to other employees, including our 401(k) plan, employee stock purchase plan, health care plan, life insurance plans, and other welfare benefit programs,' the company's proxy statement reads. Furthermore, 'Perquisites are provided to our named executive officers only in special situations. During fiscal year 2008, we did not provide any significant perquisites to our named execu