Abstract
In light of the new disclosure requirements for perquisites circulated by the Securities and Exchange Commission, James F. Reda and Associates, located in New York, New York, analyzed perquisite and supplemental retirement disclosures for Chief Executive Officer’s at Fortune magazine’s top 150 public companies. For proxies filed in 2007, publicly-traded companies must disclose in the Summary Compensation Table (SCT) the annual value of perquisites and supplemental retirement benefits. Perquisites can range from country club memberships, home security systems to personal use of aircraft. Supplemental retirement benefits include the change in the accrued pension value and preferential/above-market earnings on deferred compensation. For the first time, shareholders can see the value of these additional compensation items -- which some have referred to as “stealth compensation” since they previously were unreported.For this review, we separated retirement-related benefits from personal perquisites, and included a table to highlight other information such as dividends on unvested restricted stock, flexible personal spending accounts, charitable awards, and relocation assistance.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
