BizJournals Portfolio

Perks Gone Wild

Compared with the value of these executive goodies, the $87,000 spent on John Thain’s rug seems like chump change.

In 2007, Denver-based Qwest Communications agreed to allow the ­stepdaughter of CEO Edward ­Mueller access to the company’s jet so that she could continue high school in the San Francisco Bay Area.

When Nike CEO William Perez resigned in January 2006, after just a year on the job, the company spent $3.2 million to purchase his Portland home and another $580,000 to renovate it.

After Werner Enterprises founder Clarence Werner stepped down as CEO in 2007, the transportation company agreed to build a 24,000-square-foot hunting lodge on a 580-acre spread Werner owned in Nebraska. The company also agreed to pay the annual taxes on the property.

When Morgans Hotel Group hired Fred Kleisner as interim CEO, it agreed to pay a housing allowance of up to $30,000 a month.

Henry Frick, the No. 2 at Carnegie Steel in the 1880s, also owned a company that manufactured coke, an ingredient necessary for steelmaking. All of Carnegie’s coke contracts went to Frick.


Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

Connect With Portfolio.com

Come on, like us—you know you want to.

Follow us and if you're an innovative entrepreneur, we'll return the favor.

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

Slideshows

500 Startups Hits New York

Dave McClure's brainchild makes its way to New York and introduces East Coast money folks to some intriguing new companies. View Slideshow