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Ken Feinberg Has Some Work To Do

If a recent survey of 250 CEOs of large companies is any indication, the Pay Czar's machete is going to be getting a lot of use. The study found the median spending on "all other compensation" increased by 7.5% during the past two years. While those that receive perks are apparently really making them count, fewer CEOs overall are getting access to the good stuff.
- Possibly switching to the newly purchased corporate yacht, only 68.8 percent of companies offered personal use of corporate aircraft, compared to 76.4 percent in 2007;
- Following the lead of our Treasury Secretary, tax-preparation services fell from 68 percent to 57.2 percent; and
- To make their homes more affordable for sale, home security systems fell from 37.2 percent to 30.4 percent.
Exclusive Report: Perks Still Common, Despite Economy [Compliance Week]