http://www.wsj.com/articles/ceos-enjoy-richer-perks-1481036403?tesla=y
Privileges like trips on corporate aircraft account for the fastest-growing segment of executive pay.
Perks such as exit payments and trips on corporate aircraft account for the fastest-growing segment of executive-pay packages at some of the world's largest companies.
According to new data from research Firm Equilar, the median compensation - without perks - for C-suite executives at Fortune 100 companies jumped nearly 15% to $7.4 million in fiscal year 2015 from $6.5 million in 2013. Over the same period, perks jumped 21.6% to a median value of $126,550.
Investors and critics of corporate extravagance pay close attention to executive pay packages, but perks get somewhat less consideration.
"Over the past few years, investors have been much more scrutinizing of executive pay, and it's not always clear what that entails," says Dan Marcec, director of content at Equilar, which tracks information about corporate executives and boards. "We want to let shareholders, boards, and HR professionals see these details so they can appropriately help to set pay levels."
Pay includes salaries, bonuses, awards of stock and stock options, as well as deferred payments. Perks range from estate-planning services to event tickets and club-membership dues.
More than half of the 501 executives reviewed had corporate aircraft privileges in 2015, with a median value of $63,975. John H. Tyson, chairman of Tyson Foods, Inc., was the top jet-setter, with aircraft services valued at $818,462. Next was David M. Cote, chairman and chief executive of Honeywell International, Inc., whose company aircraft perks were valued at $581,753.
High Fliers
Corporate executives with the 10 richest corporate-travel perks.
Name Value of Corporate Aircraft Perk, 2015
John H. Tyson $818,462
Chairman of Tyson Foods
David M. Cote $581,753
Chairman and CEO of Honeywell
Andrew N. Liveris $446,065
CEO of Dow Chemical
Eric E. Schmidt $395,385
Executive chairman of Alphabet
Stephen B. Burke $389,455
CEO of NBC Universal
Brian T. Moynihan $380,323
CEO of Bank of America
Indra K. Nooyi $333,303
CEO of Pepsico
Walter James McNerney Jr. $302,583
CEO of Boeing
Brian L. Roberts $299,618
CEO and chairman of Comcast
William Clay Ford Jr. $291,151
Chairman of Ford
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