The New Yorker

The New Yorker.  Nice article on executive perks.  The conclusion is that companies with lots of perks for senior executives underperform.  This is excellent:

The problem is not the cost of the perks themselves; at a ten-billion-dollar corporation, they’re hardly even a rounding error. It’s what they are symptomatic of. Perks and rigid management hierarchies tend to go together; perks are designed in part to reinforce status divisions, and rigid hierarchies do not lend themselves to intelligent decision-making, since they isolate executives from the rest of the company. Also, C.E.O.s who indulge in perks are likely to be profligate in general with shareholder money. [John Robb's Weblog]

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