Article “Outrageous CEO Perks: This Year’s Top Picks” reports:
“To see the latest trends in perks and pay, 24/7 Wall St. examined the most recent proxies of dozens of large public companies where CEOs have outsized overall compensation. Not surprisingly, we found buried in the fine print, some very generous benefits. This is the 24/7 Wall St. list of outrageous CEO perks:
772,000 to Cover Underwater Mortgage on Home Sale…
110,000 for an Attorney to Negotiate Compensation…
$1.3 million to Relocate for New Job…
$1.4 million in Security Services…$216,000 in Club Memberships…
$639,000 in Aircraft Use…
$2.5 Million in Tax Reimbursement…
“…one thing is clear from our list: Average Americans aren’t likely to have high regard for executives who get larded with such outrageously lavish perks.”
WATCHDOG: The perks to working CEOs are small potatoes compared to Lancaster General Hospital, a ‘Public Charity’, gifting $1,200,000 to President / CEO during a year off to serve in the Navy! At least the stockholders of the above companies have redress of kicking out directors; the public here in Lancaster that foots the bill in the form of higher insurance premiums has no say over the selection and retention of LGH’s trustees.
