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A spokesman declined to provide details about the cars, except to say the executives are allowed to select their own vehicles within certain price ranges.
Executives are allowed to do some official advisory work for other start-ups, but must obtain approval first, according to Mr. Colleran.
The longer compensation remains unreformed by the corporate world, the more politicians will intervene probably in ways that discourage wealth creation by simply capping the amounts that executives are allowed to earn.
Presidents or chief executives are allowed to fly first class at 39percentt of companies that normally decree coach-class seating, according to a survey compiled this month by the Bureau of National Affairs, a Washington research firm.
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Later, when the plan blew up, the executives were allowed to walk away with profits, at the expense of shareholders.
As part of their compensation, the brothers and other executives were allowed to bill the institute for the costs of their children's college educations.
After the Citizens United decision, Republicans realized they would gain a huge financial advantage if corporations and executives were allowed to give unlimited sums without fear of public embarrassment.
But the disclosure that some executives were allowed to do this is likely to come as news both to outside shareholders and perhaps company employees who were not offered the opportunity to cancel their own purchases.
IN the 1990's, corporate executives were allowed to siphon off so much shareholder wealth for so long that it seems some of them still cannot see why shareholders -- the true owners -- are finally taking issue with their grasping ways.
Top Enron executives were allowed to sell off hundreds of millions of dollars of the doomed company's stock before it turned worthless -- at which point employees and most shareholders took devastating losses.
Just as Enron executives were allowed to interview candidates for the Federal Energy Regulatory Commission -- and to veto those they didn't think would approve of Enron's agenda -- ExxonMobil has been allowed to veto the United States government's selection of who will head the prestigious scientific panel that monitors global warming.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com