Large Companies Eliminating Some Perks

The use of perks by CEOs in Fortune 100 companies has been on the decline in recent years, though the personal use of corporate aircrafts is on the rise, a new study by Equilar finds. 

Released last week, Equilar's 2007 CEO Benefits and Perquisites report features in-depth overviews of five key perquisites offered by leading public companies, such as financial planning and other services, flexible perquisite accounts, personal and home security, personal use of corporate aircraft, and tax reimbursements.

Among other highlights, the report found that from 2005 to 2006, the median value of total other compensation for Fortune 100 CEOs declined by 1.3 percent, a fall from about $339,000 to about $334,000. What’s more, the median value of aircraft-related perks for CEOs in the most recent year reached $121,676, representing a 12.1 percent increase over the median of $108,579 in 2005.

Additionally, in 2006, 16.1 percent of Fortune 100 companies disclosed that they would eliminate some CEO perks in 2006 or by the start of 2007. And in 2006, 80.2 percent of those companies reported values for accumulated pension funds for CEOs, the median being $12,805,094. Meanwhile, 85.2 percent of those companies reported a non-qualified deferred pay plan balance for CEOs, the median being $5,118,976.