I recently read a story on executive compensation with highlights on "perk" packages such as utilization of corporate jets for personal use, club dues, security, and other goodies. According to the article, in 2011 for the 100 highest paid CEO's with companies with revenues above $5 billion the "typical" perks package was worth, on average, $325,000, mostly for personal use of private jets. I was stunned that in today's environment boards condone CEOs utilizing corporate jets for private use. According to the article, perks are increasingly used to provide alternatives to reported compensation because of the scrutiny over excessive CEO compensation. I suppose they figure that bennies listed on another page will not create such a ruckus. Wrong. Shareholders are not pleased to see the high life at the top, but for some reason, perks persists on top of pay packages for the top-paid execs ranging from $28 million to $96 million for Larry Ellison at Oracle. Go figure.

Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author's own.

CANADA POST
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(OTTAWA) The director, real estate analytics and performance management for corporate real estate will be located in either Ottawa or Toronto, and will be a key part of the transformation of one of Canada's largest CRE programs. This position will lead the development and implementation of a fact based, analytical approach to performance management of CPC's real estate service providers; act as the focal point for process excellence, continuous improvement and real estate quantitative analysis; and manage the corporate relationship with external suppliers with a view of ensuring business continuity and adherence to the contract in order to maximize the value of real estate fixed assets.

KELLER AUGUSTA PARTNERS
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THE J. PAUL GETTY TRUST
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