November 9, 2010
Survey: CEO Perks Going Down
– David Chun, Equilar
Recently, we released the 2010 CEO Benefits and Perquisites Report. The report finds that in 2009, over one third of the Fortune 100 eliminated one or more perquisites from their overall compensation programs. In fact, the median value of “all other compensation” paid to Fortune 100 chiefs reached a five-year low of $249,632 in 2009. By comparison, in 2008 the median value was $348,101. Additionally, the median value of perquisites related to corporate aircrafts – historically one of the more controversial perquisites – fell by 18.3 percent, from $141,477 in 2008 to $115,588 in 2009.
The Report features an in-depth look at the following perquisites, among others, paid to America’s top chiefs:
– Financial Planning and Other Professional Services;
– Flexible Perquisite Accounts;
– Personal Home Security;
– Personal Use of Corporate Aircrafts; and
– Tax Reimbursements
If you would like to request the full report, please e-mail info@equilar.com or visit our website.