
Lockheed Martin's Robert Stevens
Lockheed Martin's Robert Stevens
Perk: $1.66 million for home and personal security
Lockheed Martin (LMT) CEO Robert Stevens got more than $1.6 million worth of home and personal security services from shareholders last year, which put him at the top of the list for this perk. "That's 10 times what someone pays for a house in middle America. It's kind of mind-boggling," says Bloxham.
Other goodies took his total perks up to $2.1 million, the third-highest in this category.
Lockheed Martin says it offers security to "any employee who is the subject of a credible and specific threat on account of his or her employment," and it will foot the bill for whatever the company's chief security officer orders. But besides rich perks, Stevens also gets rich pay, between $22 million and $25.4 million in each of the past three years. That's almost three times the average at large companies.
Shareholder activists think part of the reason for all this is that Stevens' role as board chair may put a damper on the board's oversight of pay and other corporate governance matters. Lockheed Martin responds that the dual CEO-board chair role is needed to present a "unified and informed front to our U.S. government customers," and "a more cohesive corporate culture, which strengthens our ability to stay ahead of the challenges faced by our industry." And the company says pay is set by a board pay committee made up of independent directors.
* Bing: What's the average CEO pay?
Have your say
How many credit cards should one person have?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- 73 %Just one. Credit cards should only be used for emergency situations.
12,968 votes - 16 %As many as you can. Credit cards are a great way to make purchases and get great rewards.
2,892 votes - 11 %None. You should never buy anything on credit.
1,951 votes
Total Responses: 17,811
Not scientifically valid. Results are updated every minute.
May 22 (Bloomberg) -- On today's "The Roundup," Alix Steel, Julie Hyman and Dominic Chu wrap up the day's top market stories on Bloomberg Television's ... More May 22 (Bloomberg) -- On today's "The Roundup," Alix Steel, Julie Hyman and Dominic Chu wrap up the day's top market stories on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Date 1 hr ago, Duration 3:17, Views 12
Video by: Bloomberg
Money videos
-
Canada losing housing market as a growth engine [05-22-13 3:10 PM]
Date 2 hrs ago 9:18Tooltip Information:
Canada losing housing market as a growth engine [05-22-13 3:10 PM]Video by:Description: The Canadian Association of Accredited Mortgage Professionals released its annual spring report on residential mortgage market earlier today. The report says the tightening on mortgage lending rules is causing the Canadian economy to lose its housing market as an important growth engine. To find out more, we are joined by Will Dunning, Chief Economist, the Canadian Association of Accredited Mortgage Professionals.Rating: 4Views: 126 -
Money Matters: Why Building Wealth Isn't a Priority [05-22-13 8:35 AM]
Date 5 hrs ago 6:15Tooltip Information:
Money Matters: Why Building Wealth Isn't a Priority [05-22-13 8:35 AM]Video by:Description: A new report suggests building wealth isn't a big priority for most Canadians. CGA Canada found that only 2 in 5 Canadian households were actively involved in accumulating wealth last year. BNN digs into the findings, and what the study tells us about Canadians and their saving habits with, Rock Lefebvre, VP, Research and Standards, CGA Canada.Rating: 4Views: 160
-
The spectre of U.S. energy independence and what it means for Canada: Part...
Date 5 hrs ago 8:57Tooltip Information:
The spectre of U.S. energy independence and what it means for Canada: Part One [05-22-13 1:00 PM]Video by:Description: BNN looks at the prospects of U.S. energy independence, its ramifications for energy policy and the impact on Canada and the rest of the world. Headline host Howard Green speaks with Michael Levi, fellow, Council on Foreign Relations and author of "The Power Surge: Energy, Opportunity and the Battle for America's FutureRating: 4Views: 224 -
Mining Valuations Continue to Sink [05-22-13 11:30 AM]
Date 6 hrs ago 6:19Tooltip Information:
Mining Valuations Continue to Sink [05-22-13 11:30 AM]Video by:Description: Private equity may be the last bastion of financial support for global miners of gold and base metals, but at distressed-level prices. A look at how far valuations have slid in 2013 with Ken Hoffman, Sector Head, Global Metals & Mining Research, Bloomberg Research.Rating: 4Views: 127
















