A dekline in the median value of two perquisites popular among Fortune 100 chief executives–aircraft usage and financial planning benefits–showed declines in median value, according to the latest newsletter from Equilar, a compensation research firm.
An Equilar analysis of CEO aircraft perks showed that from 2006 to 2007, the median value related to the personal use of corporate aircraft by Fortune 100 CEOs declined by almost 10 percent, falling from $121,676 to $109,743.
In the same timeframe, the number of Fortune 100 companies that disclosed the personal use of corporate aircraft by their CEO declined from 78 percent to nearly 75 percent.
Financial planning benefits also saw a decrease, declining by nine percent to $15,575 from $17,156, according to Equilar. Financial planning typically includes professional services such as tax preparation.
The number of Fortune 100 companies that disclosed their CEOs’ financial planning benefits declined from 74 percent to 62 percent. Some companies reported that they would do away altogether with these perks from their compensation programs, a sign that increased disclosure is having a chilling effect on extras.