New rules reveal CEO perks

U.S. disclosure rules that took effect last year are prompting companies to reveal (in proxy statements) a wide variety of perks provided to CEOs in fiscal 2007. Examples:

  • Kathleen Danenberg, Response Genetics Inc.: $86,622 for clothing expenses (since repaid).
  • Micky Arison, Carnival Corp.: $115,884 for courtside Miami Heat basketball tickets (he owns the team).
  • Bahram Akradi, LifeTime Fitness Inc.: $31,777, for high-speed wireless Internet access (to tap company systems from home).
  • Martha Stewart, $5,000 for her yoga instructor.

Source: The Wall Street Journal 9 June 2008