Tech companies pick up tab for pricey CEO perks

CEO pay packages include perks such as access to the corporate jet, home security, and financial planning advice.

CEO perks
Credit: Stephen Sauer

CEO perks are a magnet for shareholder criticism, but some extras are hard for execs to relinquish. Last year, tech CEOs enjoyed a wide range of perks, from corporate aircraft and auto usage to home security, club memberships and financial planning services. Find out which tech CEOs indulged the most.

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Jeff Bezos
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Jeff Bezos
CEO, president and chairman, Amazon.com

Jeff Bezos’ sole perk is a pricey one. Amazon pays to keep Jeff Bezos safe, and the company’s security tab hit $1.6 million last year. The company justifies the security expenses in part because of Bezos’ low compensation (besides the $1.6 million security perk, Bezos’ only pay in 2013 was his $81,840 salary).

Larry Ellison
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Larry Ellison
CEO, Oracle

Oracle foots the bill for securing Larry Ellison’s residence in 2013, as the company has for several years. The $1.5 million residential security perk represents less than 2% of Ellison’s total pay package -- which was valued at $78.4 million last year. The remainder of Ellison’s perks consists of $5,134 in company contributions to his 401(k) plan; flexible benefit credits in the amount of $6,122; and $2,999 for legal services related to Ellison’s personal political campaign contributions.

Marc Benioff
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Marc Benioff
CEO and chairman, Salesforce.com

Marc Benioff ranks among the top-paid tech CEOs, pulling in a compensation package valued at $22.1 million last year. His pay included $934,829 in perks. Roughly two-thirds of that amount -- $654,829 -- was for costs related to Benioff’s personal and residential security. Salesforce.com also paid $280,000 in filing fees to the government on behalf of Benioff, whose exercise of stock options in late 2012 required him to make a filing under the Hart-Scott-Rodino Antitrust Improvement Act (HSR Act).

Lowell McAdam
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Lowell McAdam
CEO and chairman, Verizon

Five percent of Lowell McAdam’s $15.8 million pay package went to perks. The Verizon CEO’s compensation extras, totaling $780,874, were split among a number of expenses: $120,304 for personal use of company aircraft; $4,293 for his personal use of a company car; $153,741 for home security expenses; $19,050 for company contributions to a qualified savings plan; $315,233 for company contributions to a nonqualified deferral plan; and $168,253 for company contributions to a life insurance benefit.

Virginia Rometty
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Virginia Rometty
CEO, president and chairman, IBM

The value of Virgina Rometty’s executive perks last year was $761,808, which is roughly 5% of her $14 million pay package. IBM itemized some of the perks: $151,933 for personal travel on company aircraft, $541,500 for company contributions to defined contribution plans, and $18,878 for tax reimbursements. Other perquisites Rometty received in 2013 (but weren’t itemized) included: personal financial planning, personal use of company autos, personal security, annual executive physical, and family attendance at company-related events.

Paul Jacobs
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Paul Jacobs
Former CEO, Qualcomm

Paul Jacobs, who stepped down as Qualcomm CEO at the end of 2013, received $760,532 in compensation extras during his final year as chief exec. (His total pay was valued at $20.4 million). Among the perks Qualcomm provided are: $124,800 to match charitable contributions; $45,000 for payment on Jacobs’ behalf of HSR Act fees; $451,511 for nonqualified deferred compensation plan match; $9,696 for life insurance premiums; $6,525 in company matching 401k contributions; and $123,000 for additional but undefined “perquisites and other personal benefits.”

Mark Zuckerberg
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Mark Zuckerberg
CEO, Facebook

Facebook spent $650,164 on chartered aircraft for CEO Mark Zuckerberg, as part of his overall security program. That’s essentially Zuckerberg’s entire 2013 compensation, which also included a $1 salary and $3,000 for undisclosed extras. It’s also half what it was a year ago, when Zuckerberg received $1.2 million in airline perks.

Randall Stephenson
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Randall Stephenson
CEO, president and chairman, AT&T

The value of Randall Stephenson’s perks fell 35% in 2013, yet he still managed to rack up pay extras worth $522,203. Here’s a sampling of his personal benefits: financial counseling, including tax preparation and estate planning ($24,000); auto benefits ($27,194); supplemental health insurance premiums ($15,528); club memberships ($2,776); communications ($20,960); and home security ($27,025). AT&T also paid premiums on supplemental life insurance ($221,521) for Stephenson, as well as made matching 401(k) contributions ($175,902). One perk that’s not on Stephenson’s list anymore: jet access. In 2013, Stephenson began reimbursing AT&T for his personal use of company aircraft. A year earlier, his perks included $276,391 for aircraft usage.

Michael Lawrie
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Michael Lawrie
CEO and president, CSC

Another high flyer, Michael Lawrie accrued $237,469 for personal use of company aircraft. CSC also picked up a $50,000 tab for legal expenses related to Lawrie’s employment agreement. The remainder of Lawrie’s perks consists of $15,096 in matching contributions to his 401(k) plan and $1,524 for life insurance premiums, bringing the total value of his compensation extras to $442,921.

William Brown
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William Brown
CEO and president, Harris

The priciest perk William Brown received last year was $239,258 for relocation expenses. Teleco equipment provider Harris also reimbursed Brown $53,911 for tax payments and paid $35,670 for his personal use of company-owned aircraft. In addition, Brown received: $71,833 for dividend equivalents on vested stock awards, $35,307 for retirement plan-related contributions, and $4,383 for life insurance premiums. Taken together, Brown’s perks amounted to $440,362, which is roughly 7% of his total compensation (valued at $6.4 million).

Dan Hesse
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Dan Hesse
CEO and president, Sprint

In 2013, Sprint paid $226,794 in legal fees related to the negotiation of CEO Dan Hesse's employment contract. (The same year Hesse saw his compensation more than quadruple to $49.1 million, up from $11.1 million in 2012.) Sprint also paid $129,911 for company contributions to Hesse’s 401(k) and deferred compensation plans; $6,686 for his personal use of corporate aircraft; and $8,687 for security services for Hesse's residence. Combined, Hesse received perks worth $372,078.

Mike Gregoire
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Mike Gregoire
CEO, CA

Mike Gregoire took over as CA’s CEO just a few months before the company’s fiscal year ended March 31, 2013. As part of his $5.8 million compensation, he received perks valued at $342,151. Specifically, his pay extras included $159,625 for relocation benefits, $177,557 for company aircraft use, $3,106 for use of a company car, and $1,863 for financial planning.

Joe Tucci
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Joe Tucci
CEO and chairman, EMC

Last year Joe Tucci’s total pay was valued at $12.6 million, a decline of 24% from the $16.6 million he received a year earlier. But his perks increased in value to $309,079 (up from $116,545 in 2012). Among his compensation extras were: $106,121 for air travel, $14,756 for tax and financial planning, $3,594 for the cost of an annual executive physical, and $3,000 for matching 401(k) contributions. Tucci also received a “dividend equivalent” of $181,608, which represents the value of dividend equivalents accrued on his outstanding equity awards.

Greg Brown
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Greg Brown
CEO and chairman, Motorola Solutions

The bulk of Greg Brown’s perks were for personal use of company aircraft, which added up to $273,734. He received other perquisites (but Motorola didn’t break out the costs) including: security system installation and monitoring, financial planning, guest attendance at company events, 401(k) plan match, and executive physical. Taken together, Brown’s perks amounted to $306,530, which is less than 3% of his total compensation (valued at $12.6 million).

Meg Whitman
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Meg Whitman
CEO and president, HP

As part of her $17.6 million pay package last year, Meg Whitman received perks valued at $275,334. The bulk of that was for personal use of company aircraft, which amounted to $254,162. HP also provided $18,000 for financial counseling for Whitman, $1,769 for home security services and systems, and $1,403 in miscellaneous perks.