Many Execs Pocket Perks Aplenty
America's top CEO's saw their compensation rise 60% to $36.2 million last year. On top of their multi-million dollar salaries and extensive stock options, CEOs get tons of perks. Many companies provide car and home allowances, private jets, and interest-free loans for their chief executives. Some industry experts say these bonuses provide seasoned veterans with incentives to stay on the job but critics contend there is no justification for lavish perks.
See "Many Execs Pocket Perks Aplenty", Gary Strauss, USA Today, April 29, 2001