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School Daze

When executives let shareholders dull the sting of tuition costs.


Empty office
These days, who in the business world takes just two weeks' vacation? Not the leaders of these companies. Read More
Last Trade:Change:
Industry:
Finance
Primary executive:
John J. Mack,
Summary:
A financial services company, through its subsidiaries and affiliates, provides investment banking, securities, investment … View More
Last Trade:Change:
Industry:
Technology
Primary executive:
Thomas A. McDonnell,
Summary:
The Company Provides sophisticated information processing and computer software services and products to the financial services … View More
School supplies
Morgan Stanley spent $2,094,387 on C.F.O. Colm ­Kelleher’s  London assignment in 2007, including an ­unspecified sum on “reimbursement for educational costs in the U.K.”

Bank vault
Lehman Brothers paid $13,863 to cover the December  2006 tuition for the dependents of C.F.O.Ian Lowitt in London.

Dollar signs
Aluminum company Novelis agreed in 2004 to pay the private-school tuition for the kids of Martha Finn Brooks, president and C.O.O., from grades one through 12: a perk that cost $48,741 last year.

Chalkboard
Former Thomson Financial president and C.E.O. Sharon Rowlands got $166,158 in 2006 for her kids’ tuition, including $79,008 for the tax gross-up.

Mortar board
Last year, Elizabeth Arden Inc. spent $59,150 on secondary-school bills for the children of Jacobus A.J. Steffens, the Switzerland-based international ­division’s general manager.

Game console
Atari spent $51,982 on education bills and tax gross-up for the kids of its former chief technology officer Jean-Marcel Nicolaï.

Briefcase
Software services firm DST Systems spent $99,318 last year on tuition at the American School in London for
the three children of international C.E.O. Thomas Abraham.

 



 

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