1 Day
Source:
Los Angeles Times
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Companies give more to execs less to workers
Companies are increasing spending on executive perks, including luxury relocations and private jets, while employee pay gains remain modest. Relocation costs for C-suite executives have more than doubled since 2021, reaching up to $187,000, whereas staff relocation support has stayed flat. Executive travel and security expenses have also surged, with many executives using corporate jets for personal travel and benefiting from higher security perks. This growing disparity between executive compensation and worker pay raises concerns about potential risks for employers amid economic pressures.
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