Jet perquisite spending reached a three-year low last year as top employees sheltered in place due to the Covid-19 pandemic. S&P 500 companies spent $93,071 on average per company on jet perks for top executives in 2020, down from $116,805 in 2019 and $115,729 in 2018, according to data from public company intelligence provider MyLogIQ….
Among the perks of being a chief executive officer are private security and the use of company aircraft. Among the CEOs who spent the most on private aircraft last year was Mark Zuckerberg, founder and chief executive of Facebook. He spent $1,848,630 in 2020, $2,952,255 in 2019 and $2,597,320 in 2018. Zuckerberg’s cost of private…
…Who gets to use the jet in a fractional arrangement varies by company, according to filings gathered by public company intelligence provider MyLogIQ. For example, at Sysco, jet use is made available to directors, named executive officers “and other members of management” for business purposes. At DTE Energy, executives and “other employees” are permitted to use the…
While many executives continue to work from home, data shows that travel by corporate aircraft and chartered and fractionally owned jet fleets has begun to take off in recent weeks. That trend is likely to continue through 2020 as companies seek to reduce the risk of CEOs’ being exposed to the coronavirus. Accordingly, sources say…
Insurance underwriter Argo Group has been asked by the SEC to hand over documents related to perks awarded to its executives. The SEC inquiry into Argo’s disclosures on executive perks, which was first reported by Bloomberg, comes after a proxy fight with Voce Capital earlier this year, and could indicate that activist investors have the ear of the SEC. “The takeaway…
The list of the top-10 biggest spenders on aircraft perks added a new member to its ranks: Facebook COO Sheryl Sandberg. In 2018, Sandberg’s pay package included nearly $909,000 in aircraft perks, according to SEC filings analyzer MyLogIQ. She ranks fourth on Agenda’s list of top-10 air travel spenders in the S&P 500. First on the list is, once again, Mark Zuckerberg, Sandberg’s boss….