Next in line is the use of a car and personal driver. Execs can also be reimbursed for taxi’s and other on-the-job rides, but almost 50 percent of top leaders receive car benefits in some form, that may translate to a car for their personal use, a driving service, or their personal car and driver. The average value of this perk is over $18.5K per year though one top earner received auto and driver services worth ten times that amount for the year.
Housing is much less common of a perk, usually only granted to four percent of executives, the average value for those who do, hits approximately $63,000. However, this is NOT generally for their home, but for expenses while traveling on company business of staying in hotels and such. The personal part of the equation is probably attached to family or friends who may be traveling with them as their stay would be a legitimate business cost. Or this benefit may be an apartment near the office for those execs who live farther away, allowing them to work longer hours without having to travel back and forth.
Some of the other perks include:
Three percent of execs get “flex” benefits – usually where they get reimbursed for any number of personal expenses the company deems part of an acceptable cost – the average value for those receiving this one is over $23K. Matching charitable donations – fifteen percent of top executives at Fortune 100 companies have access to funds, usually as a match or double match of what the exec gives. This averages to $16K per year.
A personal bodyguard or other security measures are another perk received by up to one-third of the executives. The average on this one is about $10K, but at least one CEO netted $1.6 million in a year. Some of the other perks received include dividends on equity, severance packages, event tickets, and private club memberships. Also; don't miss out on our editorial on which PR Firm has the best 401k programs.PR Insights & Public Relations Strategy
By EPR Editorial Team3 min read
What are the Perks Received by Top CEOs?
By EPR Editorial Team3 min read
Next in line is the use of a car and personal driver. Execs can also be reimbursed for taxi’s and other on-the-job rides, but almost 50 percent of top leaders receive car benefits in some form, that may translate to a car for their personal use, a driving service, or their personal car and driver. The average value of this perk is over $18.5K per year though one top earner received auto and driver services worth ten times that amount for the year.
Housing is much less common of a perk, usually only granted to four percent of executives, the average value for those who do, hits approximately $63,000. However, this is NOT generally for their home, but for expenses while traveling on company business of staying in hotels and such. The personal part of the equation is probably attached to family or friends who may be traveling with them as their stay would be a legitimate business cost. Or this benefit may be an apartment near the office for those execs who live farther away, allowing them to work longer hours without having to travel back and forth.
Some of the other perks include:
Three percent of execs get “flex” benefits – usually where they get reimbursed for any number of personal expenses the company deems part of an acceptable cost – the average value for those receiving this one is over $23K. Matching charitable donations – fifteen percent of top executives at Fortune 100 companies have access to funds, usually as a match or double match of what the exec gives. This averages to $16K per year.
A personal bodyguard or other security measures are another perk received by up to one-third of the executives. The average on this one is about $10K, but at least one CEO netted $1.6 million in a year. Some of the other perks received include dividends on equity, severance packages, event tickets, and private club memberships. Also; don't miss out on our editorial on which PR Firm has the best 401k programs.Written by
EPR Editorial Team
The Everything-PR Editorial Team produces reporting, research, and analysis across thirty verticals — communications, reputation, AI visibility, public affairs, media systems, and digital discovery in the answer-engine era. Publishing since 2009.
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