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Corporate Governance

: The Race to the Bottom

Director Compensation Project: 2009 Perquisites Comparison

By Joseph Aguilar

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As part of this Blog's student created Director Compensation Project, we have created a series tables on corporate compensation. Below is a table compiling some of the more infamous CEO perquisites. The chart covers the 2009 Fortune 100's top 20 companies, Wells Fargo, Goldman Sachs, and Chesapeake Energy Company. The notation 'NP' (Not Provided) means the corporation either does not provide its CEO with that perquisite, the company compensates for that service but does not disclose the exact amount, or has bundled that amount with a total 'other compensation' figure. The figures provided are for exact amounts to show how much corporations are compensating CEOs for these services.

Company	Personal Use of Company Aircraft ($)	Personal Use of Company Automobiles ($)	Personal Security ($)
Exxon Mobil	45,251	NP	222,985
Wal-Mart Stores	149,093	NP	NP
Chevron	93,876	2,237	987
Conoco Philips	54,975	NP	NP
General Electric	189,449	22,844	NP
General Motors*	-	-	-
Ford Motor Company	344,109	NP	112,114
AT&T⁺	83,022	26,834	4,269
Hewlett-Packard	135,734	NP	255,872
Valero Energy**	NP	NP	NP
Bank of America Corp.	220,267	NP	13,791
Citigroup	NP	2,393	NP
Berkshire Hathaway	NP	NP	315,709
International Business Machines	493,881	NP	NP
McKesson	48,844	5,089	514,528
J.P. Morgan Chase & Co.	53,856	89,020	NP
Verizon Communications	158,000	15,462	NP
Cardinal Health	196,095	NP	NP
CVS Caremark	110,845	2,885	5,798
Procter & Gamble	225,404	NP	NP
Goldman Sachs Group	NP	124,593	NP
Wells Fargo Company	NP	NP	NP
Chesapeake Energy Company⁺⁺	648,096	NP	NP