CEOs of Fortune 100 companies are receiving increasingly valuable financial planning perks, according to a new study.
The median value of financial planning-related perquisites for Fortune 100 CEOs increased 16 percent from 2005 to 2006, climbing from $14,784 to $17,156, according to a study by Equilar, a company that specializes in executive compensation benchmarking.
Companies are reporting the financial planning services at a greater rate because recent SEC rules ask companies to be more specific about executive perks.
In 2006, 74.2 percent of Fortune 100 companies disclosed that their CEO received financial planning-related perks. In 2005, the proportion was only 29.5 percent.
On the other hand, four companies in the Fortune 100 indicated that they discontinued financial planning-related perks for their executive officers in 2007.
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