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Lord Black, 61, was charged Thursday with siphoning millions of dollars out of the company through bogus fees and abuses of perquisites.
Plus a bunch of perquisites, like office space in Shea Stadium for an A-Rod marketing team (which he'd pay for).
The graph showed Mr. Seidenberg's direct annual compensation for the last five years -- consisting of salary, bonus, restricted stock and the cost of perquisites, known as "other pay".
The marketing approach is to emphasize the location of the property in the heart of the high-rent zone near Fifth Avenue in the 50's that brokers call the Plaza District, and stress the availability of perquisites for executives whose companies move there.
Then there are the three additional years of pension credits that get tacked on to an executive's pay, as well as the 401(k) match, years of health care benefits and the cash value of perquisites at the time of termination -- such as use of the corporate jet, country-club memberships, allowances for financial planning advice, office space and secretarial services.
Ownership concentration can constrain the consumption of perquisites by managers and thus enhance corporate performance.
Similar(52)
From Abraham Lincoln to Lyndon Johnson and beyond, civil-rights presidents have helped people give up (some of) the perquisites of race in favour of the dignity of belonging to a (more) free country.
The room, with its high ceilings and its view of the East Capitol, is the sort of perquisite that signals status in the hierarchical culture of the U.S. Senate.
Deneffe and Masson [ 22] and Horwitz [ 23] find that NFP hospitals are most likely to maximize output or a mix of monetary profit and output, while Chang and Jacobson [ 21] conclude that the data is the most consistent with the theory of perquisite maximization.
But most are better described as unilateralists: people who believe that one of the perquisites of power is untrammelled freedom of action on the world scene.
One of the perquisites of the praetorship and the consulship was the government of a province, which gave ample opportunity for plunder.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com