CEO Perks Rise As Pay Falls

Well isn't this special? CEO Perks Rise As Pay Falls: NEW YORK (AP) -- U.S. companies remain generous with the perks they give to CEOs, including som
By Heather — May 2, 2009

Well isn't this special? CEO Perks Rise As Pay Falls:

NEW YORK (AP) -- U.S. companies remain generous with the perks they give to CEOs, including some that are unfathomable to the average American worker: chauffeured cars, bodyguards, club memberships and free travel in company jets.

The median value of these and similar perks rose nearly 7 percent in 2008, according to an Associated Press analysis of regulatory filings from 309 companies in the Standard & Poor's 500. The increase came even as overall CEO compensation fell 7 percent to $7.6 million.

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