Aircraft perquisites have taken a lot of heat lately, particularly from the SEC when executives’ travel perks aren’t properly disclosed.
Agenda, using data pulled by SEC filings analyzer MyLogIQ, took a closer look at what was disclosed in regulatory filings. As a group, S&P 500 executives spent a collective $39.5 million on air travel in 2017, up from $32.6 million among those executives the year prior.
There were more than 100 executives who spent more than $50,000 in aircraft perks, while almost 200 of the S&P 500 spent between $100,000 and $500,000, filings show.
More than 40% of S&P 500 companies disclosed that they used air travel perks, and of that group, it turns out that Facebook co-founder and CEO Mark Zuckerberg spent more than any other executive. In fact, the $1.5 million in aircraft perks accounted for 17% of his entire compensation plan last year. (His base salary is $1, so his entire compensation package last year fell into the “other compensation” category.)
Compensation committees at S&P 500 companies are increasingly tying annual bonuses to measures beyond financial…
The pay gap between CEOs and their employees has widened over the past half decade,…
Chip maker Broadcom gave Hock Tan, its chief executive, a $161 million stock award, instantly…
Elon's Musk's $56 billion pay package's upheaval, a hedge fund sanctioned for failing to preserve…
Disclosures about directors' skills and expertise are increasingly coming under the microscope as investors ramp…
On Jan. 1, several of the nation's biggest companies — including Morgan Stanley, Kraft Heinz,…