Do CEOs really need private jets to stay safe?

04/11/2012 | New York Times (tiered subscription model), The

Many companies make their CEOs fly everywhere by private jet. There's nothing wrong with that, writes Steven M. Davidoff, but many firms also spuriously argue that the perk is necessary for security reasons, allowing CEOs to avoid paying taxes on the cost of their travel. "In this era of crimped earnings and sluggish economic growth, the benefits -- and the reasons the companies give for them -- ring especially hollow," Davidoff writes.

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