Fierce Pharma Article Ricky's 500K Corporate Jet Travel

[anonymous]

Real Story that even crooked Media writer didn't know ....The article merely emphasizes the extravagant perks that CEOs get. Ricky's personal use of corporate aircraft fall under SEC rules and require Abbvie to report the "aggregate incremental cost" of Perks Other perks Ricky receives are country club memberships, financial planning, legal advice, company cars, meals, health club memberships, personal trainers and limousine service. Ricky gets "tax gross-ups" which essentially, cover taxes on the perks' value. Ricky has the option of swapping specific perks for extra cash if he chooses to do so. Miles put a lucrative compensation package in front of Ricky so he would come back from retirement. After battling throat cancer and relaxing and golfing Abbott wasn't sure Ricky would accept position, so they made him an offer he couldn't possibly refuse. When all this extravagance comes into play is when Layoffs are announced and the haters come out of the woodwork and rightfully so. ......BTW don't shoot the messenger I don't agree with shareholder waste of $$ like this package Ricky receives. You'll NEVER stop the game when players and big $$ are involved Unfortunatly, The sky's the Limit for the Big Boys

 

[anonymous]

Real Story that even crooked Media writer didn't know ....The article merely emphasizes the extravagant perks that CEOs get. Ricky's personal use of corporate aircraft fall under SEC rules and require Abbvie to report the "aggregate incremental cost" of Perks Other perks Ricky receives are country club memberships, financial planning, legal advice, company cars, meals, health club memberships, personal trainers and limousine service. Ricky gets "tax gross-ups" which essentially, cover taxes on the perks' value. Ricky has the option of swapping specific perks for extra cash if he chooses to do so. Miles put a lucrative compensation package in front of Ricky so he would come back from retirement. After battling throat cancer and relaxing and golfing Abbott wasn't sure Ricky would accept position, so they made him an offer he couldn't possibly refuse. When all this extravagance comes into play is when Layoffs are announced and the haters come out of the woodwork and rightfully so. ......BTW don't shoot the messenger I don't agree with shareholder waste of $$ like this package Ricky receives. You'll NEVER stop the game when players and big $$ are involved Unfortunatly, The sky's the Limit for the Big Boys

Trickle up economics at its finest.