04 July 2006

Corporate Execs Coddled with Compensation

America doesn't have an official monarchy, but apparently we've basically created our own version:

When most working stiffs compare job perks, the topic revolves around weeks of vacation, free coffee and maybe a parking allowance. For Cincinnati's top executives, it means $6 million in company cars, air travel and tax reimbursements.

And that's just to start.

"You make a lot of money, you can buy this stuff yourself," said Frederick Cook, managing director at Frederick W. Cook Co., a New York executive compensation firm. "What are you, a baby?"

And since we're on the subject already, here's another article on how Cincinnati businesses lag behind the trend towards moving away from stock options.

1 comment:

TravisG said...

That quote from Mr. Cook is priceless.