When it comes to executive compensation and perks, it’s interesting to note who really ends up getting what in the long run.
The Miami Heraldrecently compiled proxy statements for about 70 public companies and nearly 300 executives. While the usual outrageous perks were present—including a $25,000 “maintenance” tab at a CEO’s private residence—others directly reflected the current economic climate. Transportation company Ryder System, for example, decided to increase the amount it would foot for executives when it comes to services for tax preparation and financial planning. (A bit of future fiscal insurance? Perhaps.)