$2 Million Birthday Party
When Dennis Kozlowski's second wife hit the magic age of 40 in 2001 -- only a few months after they wed -- the former Tyco chief went all out. He threw a weeklong Roman-themed party on the island of Sardinia -- replete with scantily clad models, chariots and an ice-sculpture vodka fountain made to look like Michelangelo's David. Tyco, now based in Switzerland, paid half of the $2 million tab.
Post-Mortem Non-Compete
According to the company's most recent proxy statement, Shaw will pay Bernhard -- or his heirs -- $15 million (plus interest) when he leaves for his promise not to compete -- even if he can't compete because he's dead.
Housekeeping
The most objectionable perk was having Tyson company employees clean Mr. Tyson's house and mow his lawn. According to a 2005 SEC settlement, Tyson Foods spent $203,675 having employees clean five different homes owned by Don Tyson, his family or friends. The company, headquartered in Springdale, Ark., also sprang for $84,000 in lawn-maintenance costs for the same five homes.
Flying School Bus
Edward Mueller's employment agreement gave his wife and daughter the right to use the company jet to commute to and from California, where his daughter was still in high school. The phone company expensed $281,182 that year for Mueller family joy rides on the jet and ended up buying his California home for a $1.8 million premium to its resale price, too.
Tax-Free California
Over the course of the next six years, the Los Angeles-based energy company shelled out $5.8 million to pay taxes for Irani. But the problem with paying taxes for someone is that even the tax payment is taxable. There's also tax on the tax on the tax, making this one of the most egregious corporate perks in America. Occidental, long a target of pay critics, responded to shareholder objections by paying Irani a lump sum of $95 million in 1997 to buy out his contract and rescind the company tax subsidy.
Flying Cash Cow
A $90-million Gulfstream V is a pretty good perk. It became even better in 2002, when the Cupertino, Cal., company started reimbursing Jobs whenever he used his plane on company business. In 2002, Apple paid $1.1 million in flight-cost reimbursements for his use for the past two years.
Super Security
To say that Oracle's Larry Ellison is security-conscious is a bit of an understatement. He installed a security system at his expansive northern California home, and Oracle, based in Redwood Shores, Cal., pays about $1.4 million annually to monitor it. (To put this in perspective, Qwest pays about $3,000 annually to protect Mueller.)
Box Seats 'Til Death
Perks that GE provided : fresh flowers and a wait-staff for his New York City apartment; floor-level seats for Knicks games; a sky box for Red Sox games; and VIP seating at the French Open. Experts say the resulting brouhaha is one of the reasons regulators revamped corporate-disclosure rules. Welch subsequently gave up the bulk of his perks.
Dude this is ridiculous. I can’t even imagine how much money they spend on random stuff like this. One of those guys bought his wife a solid gold......trashcan, for her bathroom. What a waste of money and mostly it’s a waste of gold. He also bought her a dog shaped umbrella stand. That’s pretty weird if you ask me. But don’t get me wrong, I wouldn’t mind having a solid gold trash can in my bathroom, right next to my solid gold toilet. And a dog shaped umbrella stand to lounge under at my private beach here in Colorado.
What do yall think of this?
link
http://finance.yahoo.com/career-work/article/112473/outrageous-executive-perks-kiplinger?mod=career-salary_negotiation
