A lot of these tend to be things executives could afford to purchase on their own,'' says Paul Gleason, research director for the National Association of Corporate Directors. The organization has chided board compensation committees for spending too little time on executive pay. Executive flybys Personal use of the corporate jet appears especially pervasive. No exec topped Apple Computer's Steve Jobs. Just about none of it.
Some companies continue to fly retired CEOs.
Bank of America's Hugh McColl, who retired April 25, gets 150 hours of annual corporate jet time through 2006 for unspecified duties as a company consultant and ''ambassador,'' according to corporate filings. First Union's Ed Crutchfield, who retired in September, has use of the corporate jet for 120 hours a year through 2010. Eastman Kodak's George Fisher, who left in December, gets limited use of the company plane for 2 years. Donald Beall has had use of Rockwell International's jet for ''business'' travel since he retired in 1997. Free loans Interest-free loans aren't unusual.