NEW YORK: The executive perk, much criticised during the corporate scandals of the past few years, is still thriving at many big companies, where top managers take personal trips on company jets, have their taxes paid or get free home security systems.
The perquisites listed in the most recent proxy statements of Fortune 100 companies don’t reach the excesses reported at Tyco International Ltd. or Adelphia Communications Corp., companies whose former CEOs have been tried for larceny or fraud. But the proxies show that the highest paid executives collectively enjoyed US$30.9mil in additional compensation beyond salaries, bonuses and stock awards.
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