I just discovered a site that tracks executive pay in detail. It's called Footnoted.org. Michelle Leder, the person behind the site, apparently spends a fair amount of time reading SEC filings and the footnotes in annual reports (hence, the blog title).
Her latest post is about the ex-CEO of Mylan Labs. One part of his deal is 70 hours of free time annually in the corporate jet. Any time not used in the year is converted to dollars and paid to the ex-CEO. Well, the dollar value of the 70 hours is $605,000. The ex-CEO used $131,000 of plane time last year. Do the math. Oh, add an annual 8% inflation factor.
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