Thursday, May 14, 2009

Golden coffins: 10 of the most egregious CEO perks - MarketWatch

Agency cost problems or not? You decide.

Golden coffins: 10 of the most egregious CEO perks - MarketWatch:
"Use of company jets, cars and drivers, free home security, free financial planning advice and country club memberships. Some of these perquisites, or perks, keep coming after retirement. Even in death, the money keeps flowing in the form of so-called golden coffins.

In the midst of the worst global financial crisis since the Great Depression, public anger against executive compensation and benefits has reached f4er5ever pitch, so some perks may be on the way out.....
and on page 2...
"Occidental Petroleum provided Chief Executive Ray Irani with $403,285 in tax preparation and financial planning services in 2008. That's nearly eight times the median U.S. household income and more than the $400,000 salary of the President of the United States, according to the AFL-CIO, a union group."

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