Pay, perks and CEO prerogatives

IT’S GOOD to be a US chief executive. Their pay packages are the envy of the corporate world, averaging US$16 million for the S&P 500, more than double those for the UK’s FTSE 100. And tucked inside are perks that mere mortals can only dream of.

Thanks to tough US disclosure rules, we know pet supplier Chewy gave boss Sumit Singh a US$29.3 million wad last year that included stock, cash, US$424,474 for not one but two cars and US$1,007,442 of “security services” including “meals and incidentals” for his guards.

Meanwhile, CrowdStrike CEO George Kurtz’s US$35 million package covers US$898,426 in personal jet usage and sponsorship of a professional race car that Kurtz drives in competitions.