{"id":313,"date":"2004-06-14T21:58:14","date_gmt":"2004-06-14T21:58:14","guid":{"rendered":"http:\/\/zmetro.com\/?p=313"},"modified":"2004-06-14T21:58:14","modified_gmt":"2004-06-14T21:58:14","slug":"the_cost_of_executive_perks","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=313","title":{"rendered":"The Cost of Executive Perks"},"content":{"rendered":"<p><a href=\"http:\/\/www.newyorker.com\/talk\/content\/?040614ta_talk_surowiecki\">Perk Hoggs<\/a> on the cost of executive perks.<\/p>\n<blockquote><p><i>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.<\/i><\/p><\/blockquote>\n<p>There are problems in both the private and public sector.   Our senators have incredible health care AND <a href=\"http:\/\/www.zmetro.com\/archives\/000098.html\">average much better investment returns<\/a> than us poor taxpayers.  There are plenty of examples of corporate excess.  Hoggs makes some useful points.  Via <a href=\"http:\/\/jrobb.mindplex.org\">John Robb<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Perk Hoggs on the cost of executive perks. 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,9],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/313"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=313"}],"version-history":[{"count":0,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/313\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=313"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}