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Search results for "executive perks" ...
In a time when employee pensions and benefits are being cut, top corporate executives are not feel any of the pain. They have multimillion-dollar pay packages, corporate jets to use for fun, and other benefits, while they evade paying their fare share of taxes.
Tipped off by a school superintendent and a former teacher, the Copley delves into the glaring incongruencies that highlight the State Teachers Retirement System of Ohio. The investigation reveals that though the system was losing $12.3 billion from its investment portfolio over a three-year period, its board and administrators spent $15 million on staff bonuses, artwork, parties, furniture storage, childcare, executive perks and travel. From the questionnaire, "they also boosted the system's annual budget by nearly $ 5 billion. Meanwhile, the health care costs of retirees skyrocketed and pension benefits declined".